IBCA Begins Publishing Figures on Compensation
London, January 22, 2025 – The Independent Banking Compliance Association (IBCA) has announced that it will begin publishing figures on compensation in the banking sector. The move comes in response to growing concerns about the widening gap between the pay of bankers and the rest of the population.
The IBCA’s figures will be based on a survey of its members, which include banks of all sizes. The survey will collect data on the total compensation of bankers, including base salary, bonuses, and other benefits. The IBCA will then publish the results of the survey on its website.
The IBCA’s decision to publish figures on compensation is a significant step. It is the first time that an industry body has collected and published such data. The IBCA hopes that the data will help to inform the public debate on banker pay.
The publication of the IBCA’s figures is likely to be controversial. Some people argue that bankers are overpaid and that their pay should be reduced. Others argue that bankers are paid what they are worth and that their pay is justified by the risks they take.
The IBCA’s figures will provide valuable data that can be used to inform this debate. The IBCA hopes that the data will help to create a more informed discussion about banker pay and that it will ultimately lead to a more fair and equitable system.
About the IBCA
The IBCA is an independent, not-for-profit organization that represents the interests of banks in the UK. The IBCA’s mission is to promote high standards of compliance and ethics in the banking sector.
Contact
For more information, please contact:
IBCA Press Office +44 (0) 20 7630 0010 press@ibca.org.uk
IBCA begins publishing figures on compensation
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