BoE to investigate bankers' bonuses

The threat of a bonus crackdown was made in the Bank's Financial Stability Report, according to the Daily Telegraph. It said the Financial Policy Committee (FPC), which has the power to set new rules, had "noted that performance metrics, such as return on equity targets, that take little account of the risks taken to achieve them could be distorting incentives". It added: "Given the importance the committee attaches to this issue, it agreed to consider it in greater depth at a future meeting. It would consider, among other things, the extent to which such performance metrics influence...