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LONDON, July 13 (Reuters) - The Bank of England said on
Tuesday it has no plans to change its guidance for banks on how
much they can pay their staff as bonuses but a top official said
it was important to get back to a "more normal setting" for
bankers' pay.
"We expect bank boards to be appropriately prudent in
distributions they make both to their shareholders and to their
staff, given the vital role that banks are going to play in
supporting the recovery," Deputy Governor Sam Woods told a news
conference.
"So that is the message that we're giving to the banks. But
we think it's quite important to get back to a more normal
setting for these," he said, saying rules in normal times allow
for deferral and clawbacks of bonuses but left decisions with
the boards of banks.
Britain's departure from the European Union raised
expectations that the bloc's rules curbing payouts could be
lifted.
(Reporting by Huw Jones and David Milliken
Writing by William Schomberg)
