Rules allowing regulators to claw back bonuses will only come into effect in 2015, an industry regulator has announced.
The Bank of England's Prudential Regulation Authority said trying to apply the new rules retrospectively would mean many firms would be "open to challenge" from employees.
"In order to ensure a consistent and even application of the clawback requirement across industry, the final rule requires the application of clawback only to awards made on or after 1 January 2015," the PRA said.
More top news
Thousands of gallons of waste, including rotting animal carcasses, are being dumped in the countryside, an investigation has found.
Rain in the north tonight, cloudy and humid in the south
In an exclusive interview with ITV News, 100 metre world champion Justin Gatlin also said that booing at the World Championships "did hurt".