Central Bank governor sees case for bankers’ bonuses

Philip Lane warns Brexit forecasts ‘understate’ likely market turmoil impact

The  bonuses foreseen by Philip Lane would fall if a lender’s profits declined. Photograph: Bloomberg

The bonuses foreseen by Philip Lane would fall if a lender’s profits declined. Photograph: Bloomberg

Central Bank governor Philip Lane has said that “there’s a good case” to be made for bankers receiving performance-related pay if it can be adapted when circumstances change.

This would see bonuses falling if a lender’s profits decline, or being clawed back in the event of weaker-than-expected performance or misconduct by a firm or individuals.

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