Fixed pay set to increase for London-based bankers

摘要

Larger investment banks are likely to boost the fixed element of salaries they pay London-based senior staff when new remuneration rules come in next year in an effort to stop them moving to institutions in jurisdictions that have less strict regimes. At the end of July, the bank of england's two regulatory agencies - the prudential regulation authority and financial conduct authority - published joint consultation papers covering details of its new proposed rules on remuneration and how individuals will be regulated.