Bonus cap: PRA and FCA announce details of UK implementation | Practical Law

Bonus cap: PRA and FCA announce details of UK implementation | Practical Law

An article analysing the proposed approach to UK implementation of the cap on variable remuneration (bonus cap) to be introduced under the CRD IV Directive (2013/36/EU), as set out in the latest FCA and PRA consultation papers on the implementation of CRD IV in the UK. The article also considers the UK government's legal challenge to the bonus cap.

Bonus cap: PRA and FCA announce details of UK implementation

Practical Law UK Articles 4-546-1230 (Approx. 5 pages)

Bonus cap: PRA and FCA announce details of UK implementation

by Paul Ellerman, partner, Mark Ife, partner, Matthew Emms, senior associate, and Bradley Richardson, associate, Remuneration and Incentives, Herbert Smith Freehills LLP
Law stated as at 22 Oct 2013 • European Union, United Kingdom
An article analysing the proposed approach to UK implementation of the cap on variable remuneration (bonus cap) to be introduced under the CRD IV Directive (2013/36/EU), as set out in the latest FCA and PRA consultation papers on the implementation of CRD IV in the UK. The article also considers the UK government's legal challenge to the bonus cap.