In a post-Brexit shakeup of City rules, HM Treasury might remove the cap on bankers' bonuses.
Though no final decisions have been made, reports indicate new chancellor of the exchequer Kwasi Kwarteng is mulling the move to make London a more attractive place for global banks to do business.
European-wide bonus rules that capped at twice an employee's salary have long been a source of complaints among City bosses.
They say it increases banks' fixed costs by pushing up base pay, and cannot be adjusted based on performance.
These costs also are making the UK less attractive than the US or Asia, concur bosses.
Bankers' pay being deregulated at a time when households are struggling due to rising costs of living will undoubtedly provoke outrage in many quarters, but it is only one of many deregulation initiatives being considered.
Kwarteng also wants to ease rules preventing insurance and pension funds from investing in hard-to-sell assets - like long-term infrastructure projects.
Known collectively as Solvency II, these rules are part of the pan-European regulations.
But the Bank of England is concerned about pensioners' savings being put at greater risk in the long run if rules are relaxed.
It is also worried that firms may decide to pay out any freed-up money to shareholders rather than invest in government-favoured projects.