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EU Rules May Limit Upfront Cash Bonuses for Bankers, Times Says

New European regulations are expected to restrict upfront cash bonuses for bankers to 20 percent of their total award, the Times of London reported today, citing senior City sources.

The rules are scheduled to be published after a meeting of the London-based Committee of European Bank Supervisors on Dec. 10, according to the report.

To contact the reporter on this story: Caroline Alexander in London at calexander1@bloomberg.net.

To contact the editor responsible for this story: Peter Hirschberg at phirschberg@bloomberg.net.

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