The Bank of England is due to unveil a plan which may see rule-breaking bankers return bonuses up to seven years after being awarded them, the BBC understands.
Losses, poor risk management or other bad behaviour could trigger clawbacks.
Even if bonuses paid in shares have been cashed and spent, the move could mean money paid to bankers breaking the rules can still be demanded back.
BBC correspondent Simon Jack said the rules were among the world's toughest.
The move comes days after Lloyds Banking Group was fined £218m.
The company was condemned for "serious misconduct" over some key interest rates set in London.
'Reprehensible'Lloyds manipulated the London interbank offered rate (Libor) for yen and sterling and tried to rig the rate for yen, sterling and the US dollar, said the US legal order.
It also manipulated submissions for another short-term rate linked to the value of UK government debt.
Bank of England Governor Mark Carney called such misconduct "reprehensible".
Many bankers receive a substantial chunk of their pay in the form of an annual bonus which can be up to double their basic salary.
Under current rules that bonus is usually deferred for a period of three to five years during which time it can be clawed back if appropriate.
But misconduct such as rigging interest rates or reckless risk taking can take longer to emerge so under the new policy bonuses may be clawed back up to seven years later.
There will also be new proposals that could see negligent bankers sent to jail.
BBC business correspondent Simon Jack says that although not as punitive as first proposed, the measures amount to some of the toughest rules in the banking world.
The British Bankers' Association maintains the rules will put UK banks at a disadvantage to their foreign competitors and could see top bankers and the tax they contribute go elsewhere, he adds.
'Conduct issues'Commenting on the plans, Antony Jenkins, chief executive of Barclays, said: "I believe that banks have to regulate themselves and that's why culture is so important, so that banks do the right business in the right way.
"I would say that in principle I support the idea that where there is wrong doing, there should be appropriate punishment.
"If that's criminal wrongdoing it should be criminal, if it's recklessness that should be punished also, so I'm not against the concept of claw back, " he continued.
The Bank of England warned in March that bankers may have to return their bonuses up to six years after receiving them.
Speaking earlier in the year, Mark Carney, the governor of the Bank of England, told the BBC's Andrew Marr bank bonuses should be deferred for a "very long time" to ensure bad practice is not rewarded.
He said the structure of compensation should change to allow banks to take back bonuses if senior staff are found to have taken "risks that were not fully understood" and if there are "conduct issues".
He said new rules already in place would prevent banks from paying increased bonuses if their capital levels fall below a certain level.
In February, the Bank of England set out tougher proposals for non-EU banks to try to prevent a repeat of the 2008 financial crisis.
Non-EU banks wanting to take deposits would have to set up subsidiaries in the UK and face stricter rules, it said.
These would then be directly regulated by the UK's Prudential Regulatory Authority (PRA).
Do you work in finance? If so, what are your thoughts on the move? You can send us your views and experiences by emailing haveyoursay@bbc.co.uk using the subject line "bank bonuses".
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