Author: Alexandra Beidas

Bonus cap removal consultation

The Bank of England has published the long-awaited consultation paper on removing the bonus cap. This was first announced in September by the then Chancellor and confirmed later by the Bank of England’s Executive Director of Prudential Policy.

In this briefing we summarise the key points made in the consultation and set out some of the considerations that firms subject to CRD V may need to work through in planning for the bonus cap removal.