Bank Remuneration: Letter From The UK Chancellor To The Governor Of The Bank Of England

The Chancellor of the Exchequer, George Osborne has written to the Governor of the Bank of England, Mark Carney in his capacity as Chair of the Financial Stability Board. It sets out the Chancellor’s concerns around the implications of the EU’s ‘bonus cap’ and discusses the need for further work at the Financial Stability Board on bank remuneration in the context of rising fixed pay within the EU.

Letter from the Chancellor of the Exchequer, George Osborne to the Chair of the Financial Stability Board and Governor of the Bank of England, Mark Carney