Banker bonuses should be deferred says Carney
Mark Carney, the governor of the Bank of England, told Andrew Marr bank bonuses should be deferred for a "very long time" to ensure bad practice is not rewarded.
He said the structure of compensation should change to allow banks to take back bonuses if senior staff are found to have taken "risks that were not fully understood" and if there are "conduct issues".
He said new rules already in place would prevent banks from paying increased bonuses if their capital levels fall below a certain level.
16 Feb 2014
- From the section UK Politics