Call for tougher sales pay rules
NEW RULES governing pay and bonuses for senior risk-takers at banks do not go far enough, Treasury Select Committee chairman Andrew Tyrie said today.
The MP wants junior sales staff to face tougher rules as well, after regulators found inappropriate sales commissions on offer at Lloyds from 2010 to 2012.
Tyrie said that without new rules now there is a bigger risk of conduct failures in future.