Deferred bonus plan for banking

Bankers making potentially risky decisions will not receive bonuses or payments for those deals until the full extent of the risk involved is known, following a report from a parliamentary commission.

Chairman of the Parliamentary Commission on Banking, Conservative MP Andrew Tyrie, said bankers currently faced a "one-way bet" where they "can more or less walk away" if they make a bad decision.

He said deferring bonuses and other payments until the full extent of the risk and outcome was known would reduce the incentive to gamble with funds.