City watchdogs loosen bankers’ bonus rules to boost competitiveness

PRA and FCA say easing deferral rules will cut red tape and align the UK with other global financial centres

Bank of England and the Royal Exchange, City of London, UK
iStock.com/VV Shots

The UK’s financial services regulators have approved new rules that will allow banks to speed up bonus payments to their top bankers, reversing regulations introduced after the 2008 fina