Or, um, something like that.

The central bank’s proposed rules on bonus clawbacks would allow lenders to retrieve bonuses for up to six years after they’re paid, starting Jan. 1, 2015, the Prudential Regulation Authority, a unit of the BOE, said in a statement today. “We won’t allow remuneration schemes to exist that encourage behavior likely to jeopardize financial stability,” PRA Chief Executive Officer Andrew Bailey said. “We have an objective to ensure the safety and soundness of the firms we regulate.”

Misbehaving Bankers Face Six-Year Bonus Clawbacks, BOE Says [Bloomberg]

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Comments (4)

  1. Posted by Guest | March 13, 2014 at 2:20 PM

    Whatever. Six years or six hours–doesn't matter. That money was up my nose and around my shaft the moment it hit my account. Can't claw back epic life experiences.

    -Bribro Trader

  2. Posted by In a World | March 13, 2014 at 2:21 PM

    If I had it my way, I'd cover my face in industrial strength adhesive, and run face first into Bess’s ass.

    ~ Guy in need of some soul searching

  3. Posted by Old Fashioned | March 13, 2014 at 2:23 PM

    It's not so much a going problem but a growing problem.

  4. Posted by Guest | March 13, 2014 at 3:21 PM

    Is the long title meant to make up for the lack of a picture?