The firm responsible for managing the Government's stake in Royal Bank of Scotland will vote down any resolution proposing bonuses of 200% of fixed pay, the part-nationalised bank has announced.
RBS said UK Financial Investments informed the bank of its opposition to a 2:1 variable-to-fixed pay ratio - which it described as the "sector norm" - and therefore the board will not bring the proposal before its annual general meeting.
"The board acknowledges that this outcome creates a commercial and prudential risk," it added.
More top news
Fire crews released a woman from an overturned car after it went off the A12 at Ingatestone in Essex.
Star of cult TV drama The Wire actor Idris Elba has said he sees himself as "an odd, tall black man that doesn't quite fit in".
Big celebrations for one couple and their families after they got married - in a busy shopping centre !