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New Regulations Proposed to Curtail Bank Bonuses in the UK

Friday, December 16, 2011
Sarah Jane Leake | Bloomberg LawBank Executive Remuneration Disclosure – HM Treasury Consultation on Draft Regulations, 6 December 2011 In February, as part of Project Merlin,1 the UK Government entered into an agreement with four of the country's major high street banks – Barclays, Lloyds Banking Group, Royal Bank of Scotland, and HSBC. Under the agreement, in an attempt to promote transparency with regard to executive pay and curb the size of bankers' bonuses, these banks agreed, amongst other things, to lend

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