Crime and punishment: Confiscate rogue bankers’ salaries & bonuses, says UK regulator | WHAT REALLY HAPPENED


Crime and punishment: Confiscate rogue bankers’ salaries & bonuses, says UK regulator

Britain’s financial regulator may force reckless and corrupt financiers to pay back their salaries and bonuses to state authorities in an effort to clamp down on rampant financial crime. Experts doubt the policy will prove effective, however.

The Financial Conduct Authority’s (FCA) suggested policy shift follows a soon-to-be implemented EU bonus cap, fiercely opposed by City bankers and the British government.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA