BoE speeds up time for UK bankers to receive bonuses

The Bank of England on Wednesday said senior bankers in Britain would receive their bonuses earlier than previously thought, after confirming a new regime that softens post-financial crisis rules.

The financial regulator has shortened the time that senior bankers must wait for their full amount of bonus – a bonus deferral period - to four years from eight. The BoE had previously recommended a cut to five years for some in a consultation.