The UK regulator has proposed rules that would enable a former employer to refuse deferred bonus payments or claw back the bonuses of former employees accused of misconduct or mismanagement. Gary Freer of law firm Bryan Cave looks at the hurdles these rules will have to clear.
Western Europe
Latest articles from UK
Banks engage in anti-money-laundering fight
April 1, 2016UK fraud investigators have realised that banks are well placed to identify illicit financial activity and have set up a partnership with major European financial institutions to share information about money laundering and terrorist financing. But how motivated are the banks to participate?
Clydesdale Bank brings it all back home
January 4, 2016An initial public offering by Clydesdale Bank in February will see the lender – currently owned by National Australia Bank – independently managed from its home market of Scotland. This will, say its senior staff, help it to focus on its positions of strength, such as SME funding and agriculture.
Chinese investors take aim at UK
January 4, 2016China's outward direct investment will outpace foreign direct investment in the country for the first time in 2015. Stefania Palma maps where this investment is going in the UK.
UK buy-to-let lending nears pre-crisis peak
December 15, 2015Buy-to-let lending in Britain is now near its pre-crisis peak. Who is originating these mortgages?
Professionalism in banking: time for a race to the top
November 23, 2015Improvements in professional culture in banking must come from within, not just from regulatory pressure.
How would the UK leaving the EU affect the country's banking landscape?
October 29, 2015A look at how the UK leaving the EU could profoundly change the country's financial sector.
UK banks have the largest exposure to emerging markets
October 27, 2015UK banks have $878.2bn in claims on developing markets, making them vulnerable to a downturn.
UK banks prepare for ringfence rule
October 21, 2015The UK’s largest banks will soon find that most of their business has been placed outside the ringfence.
End to PPI woes for banks?
October 8, 2015Facing a possible 2018 for payment protection insurance complaints, the banks are looking to wrap-up a costly scandal.