FSA releases guidance on bankers' bonuses

The U.K. Financial Services Authority published updated rules regarding bankers' bonuses. The rules, which include a ban on guaranteed bonuses of more than a year, apply to a couple of dozen of the largest banks. The City watchdog said penalties for violations include higher capital charges and possible enforcement action.

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http://www.nytimes.com/reuters/2009/08/12/business/business-uk-britain-banks-fsa.html