Bankers should expect their large pay packages to be publicised, while banking non-executives should work up to 50% more on their job, according to the UK government's review of corporate governance in the financial sector, prepared by industry veteran Sir David Walker.

Walker has proposed that the board-level remuneration committees at banks should have their remits expanded so that they will look at how pay should be awarded firm-wide - with a "particular emphasis on the risk dimension".