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11/10/2016
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