PRA and FCA announce changes to banker bonuses for 2025
Why this matters
This regulatory update from the PRA and FCA impacts the banking and wealth management sectors, with changes to senior banker pay and bonus structures related to prudential requirements, governance, and consumer protection. The medium urgency reflects the forward-looking nature of the changes for 2025.
AI-generated classification rationale, not a full analysis. Verify with the original BoE source before acting. Full disclaimer.
What the BoE said
The PRA and FCA have today confirmed plans to increase flexibility around senior banker pay, alongside changes to create better links between bonus awards and responsible risk-taking.
Published by BoE . Read the full notice at the source for the authoritative text.
Context
Bank of England (BoE) — UK central bank overseeing monetary policy and financial stability. We track 247 updates from them.
Financial services regulation in the UK, primarily overseen by the FCA and PRA. Browse all United Kingdom updates.
This update is classified under Prudential / Capital Requirements, Senior Managers / Governance, Consumer Protection / Conduct and Banking & Credit.