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Wednesday, July 30, 2014

Bankers' Bonus Clawback

I note that the Bank of England has come up with a proposal to deal with errant bankers, that is a little more robust than the nonsense about making bankers swear an oath.

The Bank of England proposes that UK bankers guilty of misconduct could have their bonuses clawed back up to seven years from the time these were awarded, and could face hefty jail sentences in some cases.

The BBA won't like this at all!

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