EU looks to limit bank bonuses
Bankersâ€™ 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 blocâ€™s latest bank capital rules.
The move comes as research from pan-EU banking regulator â€œreveals 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.â€
April 13, 2012