EU Bank Bonus Payouts Said to Be Scrutinized by Regulator
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The European Union’s top financial regulator will review this year’s bonus awards following criticism of large payouts for bank executives, two people with knowledge of the situation said.
The European Banking Authority will check whether capital rules curbing bonuses were properly implemented by national supervisors, including the U.K. Financial Services Authority, said the people, who asked not to be identified because the review isn’t public. The EBA could force authorities to explain why bonus rules weren’t implemented or propose rules that would apply in all 27 EU-member states, one of the people said.