FSA says bank pay code is tough enough

Blackmore, Nicole
August 2009
Money Marketing;8/20/2009, p12
The article offers information on the renumeration code of bankers published by the Financial Services Authority (FSA) in Great Britain. It states that the code prohibits multi-year guaranteed bonuses and requires banks to defer two-thirds of senior individuals bonuses. Angela Knight, chief executive of British Bankers Association, mentions that she welcomes the code but states that the Great Britain could lose business overseas unless similar rules are enforced by global regulators.


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