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
There will be a widespread frost and ice to watch out for tonight, with some bitterly cold temperatures too.
Famous faces have helped a boyfriend deliver the ultimate romantic proposal to his girlfriend of 12 years.
The Turk who shot and wounded Pope John Paul II in 1981 has laid flowers on the saint's tomb in St Peter's Basilica, the Vatican said.