Wealth firms are growing concerned a regulatory crackdown on bonuses within the UK banking sector could end up impacting the investment management industry.
The Bank of England is attempting to change the way banking remuneration is structured as it moves to steer the industry away from what it sees as a short-term focus that rewards unnecessary risk-taking....
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Consequences could be more severe than in stress tests
Move to variable operating expenses
Set to happen on 4 April