The Bank of England has halved the time senior bankers need to wait for their bonuses (from eight to four years), therefore weakening regulatory constraints imposed after the financial crisis of 2008...
Regular readers will know what I will say; once more the 'this time its different' crowd have won a relaxation of rules imposed precisely because of the danger of bonus-driven behaviour by senior bankers on the last bubble.
Its myopic madness!
h/t FT