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Carney favours rules to regulate bankers' fixed pay

"Standards may need to be developed to put non-bonus or fixed pay at risk," says Mr Carney.


REGULATORS may need to look at new rules to control the fixed pay of bankers as well as their bonuses so that it can be clawed back in the event of wrongdoing, the governor of the Bank of England (BOE) said on Monday.

Developed economies have brought in a series of