Bank of England says review of banker bonus cap not a priority By Reuters
LONDON (Reuters) -Reviewing the cap on banker bonuses is not a priority for the Bank of England as it decides whether to keep rules inherited from the European Union, a senior BoE official said on Monday. The EU rules limits bonuses to no more than twice a banker's fixed pay, and were introduced following taxpayer bailouts of banks in the 2008 global financial crisis. Most of the European bankers hit by the rule work in London. The BoE at the time objected to the rule, saying it could lead to banks ramping up fixed pay to...
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