EU close to deal on capping banker bonuses

FINANCIAL SERVICES

EU close to deal on capping banker bonuses

European Union officials have reached a tentative deal with lawmakers to cap banker bonuses at double annual salaries.

Negotiators from the European Parliament and Cyprus, which holds the rotating presidency of the EU, brokered the draft agreement during a meeting on 13 December 2012, Sharon Bowles, chair of the assembly’s economic and monetary affairs committee, told Bloomberg News.

 

Banker bonuses capped at twice salary in EU compromise: bloom.bg/VZO5mr via @bloombergnews

— e-reward.co.uk team (@ereward) December 15, 2012

 

EU set to cap bankers’ bonuses | FT.com: on.ft.com/XXqCT3

— e-reward.co.uk team (@ereward) December 17, 2012

 

EU close to deal on bank capital rules, curbing bankers' bonuses: reut.rs/TXNYp6 via @reuters

— e-reward.co.uk team (@ereward) December 15, 2012