The U.K.’s largest banks are said to be pressing the Financial Services Authority to change new rules relating to paying retention bonuses to keep talent. The banks, which are said to include Barclays, HSBC and Standard Chartered, have complained that the regulations that bars them from matching offers of guaranteed bonuses by competitors puts them at a disadvantage, but an FSA spokeswoman said that while the agency is aware of the concerns, it does not plan to amend its retention-bonus rules.
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