“Right that the bonus rules are tightened” – Which? response to the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) announcing new rules on remuneration

Which? executive director Richard Lloyd said:

“After numerous banking scandals it’s right that the bonus rules are tightened. Senior managers found breaking the rules should be punished, even if it is years later.

“Tougher action by the regulators is vital to restore consumer trust and transform the culture of banking.”