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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Senior UK bankers will get bonuses years earlier under plan to relax rules

Canary Wharf in London
The UK scrapped the cap on bankers’ bonuses a year ago. Photograph: Matt Crossick/PA

Senior UK bankers will receive their bonuses years earlier under plans by the Bank of England to relax post-financial crisis restrictions.

The proposals are to reduce the bonus deferral period for some of the most senior bankers from eight years to five .

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