EU looks to limit bank bonuses

by Aaron Strutt

Apr 13 2012

Bankers’ bonuses could be capped at no more than their fixed salaries under new plans by senior lawmakers, according a report in the Financial Times.

The story explains that EU parliamentarians are drawing up new caps on bonuses to be included in the bloc’s latest bank capital rules.

The move comes as research from pan-EU banking regulator “reveals huge disparities in bonus sizes across the region and big differences in enforcing EU pay rules, which limit the upfront cash portion of a bonus to 25 per cent of the total.”

April 13, 2012