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Written question asked by Paul Flynn (Labour) on Wednesday, 15 January 2014, in the House of Commons. It was due for an answer on Friday, 17 January 2014. It was answered by Sajid Javid (Conservative) on Tuesday, 21 January 2014 on behalf of the Treasury.


Banks: Pay

Question

To ask the Chancellor of the Exchequer if he will make it the policy of UK Financial Investments that any financial institutions in receipt of public money which have a policy of paying end-of-year bonuses publish the payments and their recipients at the time the payment is made.

Answer

Lloyds Banking Group and the Royal Bank of Scotland publish annual remuneration reports to ensure that their remuneration policy is both transparent and appropriate. The remuneration reports set out in detail the banks' overall remuneration policy, including the remuneration of senior executive employees.


Secondary information

Type
Written question
Reference
183490; 574 c104W
Session
2013-14
Subjects
Banks Pay
Link
View this Written question on www.publications.parliament.uk