EU countries consider reforms to cap banker bonuses

FINANCIAL SERVICES

EU countries consider reforms to cap banker bonuses

Bankers' bonuses could be capped under plans to be examined by EU countries this week, Reuters reports.

Reuters says: “The proposals, part of a drive to implement so-called Basel III rules aimed at preventing a repeat of the 2007-09 crisis, would cap banker bonuses at the level of their salaries to stop huge pay-outs from encouraging excessive risk-taking. However, bigger bonuses - up to twice the banker's salary - would be possible if shareholders agreed, according to an internal document obtained by Reuters.”

 

EU countries consider reforms to cap banker bonuses: reut.rs/VPK7NI via @reuters

— e-reward.co.uk team (@ereward) February 12, 2013