Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

HSBC Said to Plan Shares Payment for Senior Bankers on EU Rules

HSBC Holdings Plc, Europe’s largest bank, is drawing up plans to revamp its pay structure to counter tougher European Union bonus rules, according to a person with knowledge of the discussions.

The lender plans to give executives an additional payment in shares that will be paid in portions over five years on top of their base pay and variable bonuses, said the person, who asked not to be identified because the matter is private.

The EU agreed on rules last year to restrict bonuses that are more than twice fixed pay, a move lawmakers said would prevent excessive payouts and curb irresponsible risk-taking after the financial crisis. Barclays Plc, the U.K.’s second-largest lender, is considering an extra payment for some of its senior bankers, a person familiar with the matter has said.

The bonus caps are set to apply for the first time to awards given in 2015, based on 2014 performance. U.K. Chancellor of the Exchequer George Osborne opposed them, saying they would harm the competitiveness of the nation’s finance industry.

HSBC’s plan would require shareholder approval, said the person. Sky News reported the plan earlier today.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.