Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank Claims: Consumers will still be 'outraged' by bonuses despite regulation

UK consumers will still be outraged at banker bonuses despite new regulations, according to an expert.

The latest report from the Institute of International Finance (IIF) revealed that the regulation of bankers' bonuses within wholesale banks has improved, with greater efforts being made to ensure financial rewards are relative to performance.

Despite the majority of banks achieving standards set by regulatory body the Financial Stability Board in 2009, the IIF claimed the legislation would not restrict individual payouts.

Chris Roebuck, visiting professor of leadership at Cass Business School, stated how the organisation's report will not counteract public disgust over excessive bonuses.

"It's not really regulation that is going to stop the public perceiving the bankers are greedy. The likelihood is that no matter what you do with banking regulation, you are unlikely to get banking bonuses down to a level that the general public is going to be completely happy with," he said.

Research from the Office for National Statistics showed bonus payments across the UK had risen by £8 billion between December 2009 and April 2010 compared to the same period during the previous year.

Posted by Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers. ADNFCR-2776-ID-800063200-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide