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Are regulators talking the talk but not walking the walk?

The mammoth £10 million numeration package which has been placed before the Royal Bank of Scotland board of directors with regards to chief executive Stephen Hester has attracted the wrath of UK taxpayers and investors alike. The UK government and regulators have been very proactive in trying to reduce the number of lucrative remuneration packages in the sector after the demise of many UK banks over the last few months. The fact that the bonus package for Stephen Hester is performance related is fairly irrelevant as a share price rise from 36p to 70p over three years hardly seems onerous .

Yet again we see the UK government attacking the UK banking sector with a vengeance while under the surface heavily involved in what can only be described as a very lucrative remuneration package for the chief executive of Royal Bank of Scotland. While there's nothing wrong with performance related pay schemes many do not believe that the bonus scheme put forward by the Royal Bank of Scotland is exactly taxing when you consider how low Royal Bank of Scotland shares are at the moment.

So far the UK government has been fairly quiet on the subject but with union and investor anger growing surely they need to step in at some point?

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