Matt Turner
eFinancial News
01 August 2014

UK regulators face headache enforcing bonus rules

Greg Campbell, partner in Mishcon de Reya's employment department, said: "I don't know any way of dealing with that than the suggestion... that the regulator steps in to the employer's shoes, because the regulator is the person in the middle which sees everything.

"The problem is: the banks are going to hate that because it is a massive breach of confidentiality. Yes, you might not get the detail, but absolutely you know that there has been a problem at a competitor in a particular area. That is very difficult."

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