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The Independent UK
The Independent UK
Business
Anna Wise

Top bankers to access bonuses quicker under plans to relax City rules

Sam Woods United Kingdom FCA PRA
Top bankers in the UK could be able to cash in their bonuses sooner under new rules (James Manning/PA) - (PA Archive)

Top bankers in the UK could be able to cash in their bonuses sooner, and fewer may be subject to pay restrictions, as UK regulators move to relax rules for the financial sector post-Brexit.

The Bank of England’s regulatory arm, the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA) set out the plans to reduce red tape.

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