U.K. lenders are asking shareholders for permission to rewrite their bylaws to allow them to adjust how they structure pay for legions of their best investment bankers and traders.
After the 2008 global financial meltdown, the Basel Committee on Banking Supervision developed the third instalment of the Basel Accords, Basel III, establishing minimum capital requirements for banks. Basel III Endgame is the latest proposed framework, brimming with guidelines for regulatory capital from the principal US regulatory bodies.