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Fiona Lowrie and Eleanor Rowswell review the Prudential Regulation Authority (PRA) issued CP2/16 Buy-outs of variable remuneration. This consultation paper follows on from earlier consultations of both the PRA and Financial Conduct Authority (FCA) on remuneration in which the regulators promised to give further thought to bought-out variable remuneration. This consultation paper is the fruit of that deliberation.

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