Canada’s big banks under review by regulators for alleged high-pressure sales practices. The move follows a report that found evidence that employees at the Big Five banks are under pressure to push products and services that are harmful to consumers. https://t.co/Uz0SumKtfO
Canadian regulators probe mutual-fund sales practices at banks https://t.co/WZaIh9Jszu https://t.co/cb2dZVcZIL
Regulators launch review of banks’ in-branch sales practices https://t.co/ZQr30FfKlK

The Bank of England has announced new regulations regarding bankers' bonuses, allowing senior UK bankers to receive bonuses at an accelerated pace. This change is anticipated to result in a quicker tax revenue collection. Concurrently, financial regulators in Canada are investigating high-pressure sales tactics employed by major banks, particularly focusing on mutual-fund sales practices. Reports indicate that employees at Canada's Big Five banks may be pressured to promote products that could be detrimental to consumers. Additionally, the Bank of England is set to review UK clearing rules as part of its ongoing regulatory oversight.