EU Rules May Limit Upfront Cash Bonuses for Bankers, Times Says
By Caroline Alexander -
2010-12-04T13:12:45Z
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.
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.