UK banks improving on sales incentives, says FCA's Wheatley

Three out of four major UK banks now link incentives to more than just sales, regulator says

Martin Wheatley
Martin Wheatley, FCA

Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), has told delegates at a conference that financial institutions are implementing changes to their incentive schemes. 

Speaking at the British Bankers' Association's annual international banking conference in London today, Wheatley said that early analysis showed banks are starting to abandon systems in which incentives depend entirely on sales.

"I know that three of the four major banks have announced they're moving in the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here