PS15/16: Strengthening the alignment of risk and reward: new remuneration rules

Published: 23/06/2015   Last Modified : 23/06/2015

The FCA and PRA have released new rules for remuneration of banking staff, following recommendations made by the Parliamentary Commission on Banking Standards (‘PCBS’). The rules seek to strengthen the alignment between risk and reward by introducing measures including longer deferral periods and clawback for all risk takers.