EU Parliament agrees bank bonus caps
- 11 years ago
The European Parliament has voted in favour of capping bankers' bonuses.
It is part of a wide-ranging new financial reform law under which EU banks will be forced to boost the cash reserves they have to hold as a cushion against economic shocks.
The cap - which is due to come into force from the start of next year - will limit bonuses to no more than to one year's base salary.
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http://www.euronews.net/
It is part of a wide-ranging new financial reform law under which EU banks will be forced to boost the cash reserves they have to hold as a cushion against economic shocks.
The cap - which is due to come into force from the start of next year - will limit bonuses to no more than to one year's base salary.
...
http://www.euronews.net/