British bankers should be able to spend their bonuses sooner, the Bank of England and Britain’s Financial Conduct Authority announced this week, relaxing rules put in place after the global financial crisis.
The BoE and FCA proposed that the most senior bankers should have their bonuses deferred by five years, rather than as long as eight, while less senior bankers would have a four-year deferral period.
Part payment of bonuses would be allowed from the first year rather than the third, they added.
