Follow TopicFollow Contributor Share Feedback
UK Removes Cap on Banker Bonuses

UK Removes Cap on Banker Bonuses

by Starling Insights

Starling Insights Editorial Board

Nov 06, 2023


The Bank of England and the Financial Conduct Authority (FCA) have formally lifted the cap on banker bonuses, a rule the EU introduced after the 2008 financial crisis.

The cap, which was put in place in 2014, limited banker bonuses to twice their annual salaries. The move to scrap it was initiated by the UK government to attract investment and shed EU regulations post-Brexit. The decision followed a lengthy consultation process.

This content is available to paid Members of Starling Insights.

If you are a Member of Starling Insights, you can sign in below to access this item. 


If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform.  Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.

Join The Discussion

See something that doesn't look quite right?

We strive to provide high quality and accurate content at all times. With that said, we realize that sometimes links break, new information becomes available, or there is something that you feel we may have missed.

If you see something that you think we should be aware of, we would love to hear from you. Feel free to drop us a note below and leave your name and contact info if you'd like to hear back from us.

Thank you for being a key part of the Starling Insights community!