In its Principles the Basel Committee recommends that the board should review the design and operation of the compensation system and monitor it to ensure that it operates as intended. Compensation should be effectively aligned with prudent risk-taking, including the time horizon over which risks materialize and should also be symmetric with risk outcomes.
As the Financial Time stated a few weeks ago: Why would the EU give up any measure or regulatory control over finance? What this makes clear is that London will not, as some have suggested, maintain its current role as the financial centre of the EU after Brexit.