40% to 60% of the gender pay gap remains unexplained even after controlling for role & qualifications.
Time that senior bankers must wait before receiving their full bonus will be cut to four years.
The average pay gap at investment firms was 32%.
The bonus pool reached $47.5bn, its first major increase since the COVID-19 pandemic.
Alternatives are a strategic priority for many financial services firms.
The $33.8bn bonus pool for 2023 closely matched the 2022 pool.
The cap has limited the proportion of remuneration that can be adjusted by risk and performance measures.
Outstanding variable remuneration up to the end of 2022 will be cancelled for the executive board.
Average bonus paid to securities employees dropped to $176,700.
