We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Malus aforethought

20 February 2012 By George Hay

Ex-CEO Eric Daniels and others at the UK bank may be forced to forgo previously awarded bonuses. The clawback principle, introduced after the 2008 crisis, is sound and the move looks like justice. But any arbitrary application for pre-crisis sins would be problematic.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)