FSA to toughen bank pay law

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Bonuses, deferred pay and golden handshake deals will be among the list of awards that must be disclosed by banks operating in the UK, instead of the current system where banks only release the total amount spent on pay each year. The UK has already introduced a one-off tax on bonuses and will impose a four-year levy on banks from the start of 2011.Consultancy PwC said the plans were less onerous than the mandatory breakdown of the number of staff in each pay band, which had been mooted by the Treasury.“The proposals do not include some of the more prescriptive elements of previous proposals, such as disclosure by pay bands. This should help prevent the unintended consequences that can sometimes follow pay disclosure, for instance pay ratcheting,” said Tom Gosling, a partner at PwC. Share FSA to toughen bank pay law whatsapp Tags: NULL FOREIGN banks operating in the UK could be forced to disclose the pay packets of their senior bankers, according to a consultation paper released by the Financial Services Authority (FSA) yesterday. The FSA said it is seeking feedback on whether to close the loophole that exempts banks based outside the European Economic Area from disclosure rules on remuneration.All UK banks will be asked to reveal details of pay policies on at least an annual basis, the FSA said, with the country’s top 26 institutions held up to the strictest scrutiny in reform linked to the Basel III global rules. KCS-content whatsapp Show Comments ▼ Wednesday 10 November 2010 8:40 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img

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