U.K. Banker Bonuses Face Delays of a Decade in Industry Overhaul

U.K. Banker Bonuses Face Delays of a Decade in Industry Overhaul

Simon Dawson/Bloomberg

Pay reform is part of a program of sweeping change proposed by the commission, a cross-party group of lawmakers set up last year by Chancellor of the Exchequer George Osborne after a series of scandals and five years of poor returns for the financial industry.