Italy, Spain Fail to Implement Banker Bonus Rules, EU Says
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Italy, Spain, Greece and four other European Union nations have failed to implement rules on bank bonuses aimed at curbing excessive risk taking and preventing staff from being rewarded for poor results.
Poland, Portugal, Slovenia and Slovakia have also missed a Jan. 1 deadline to adopt the remuneration limits, the European Commission said in a statement on its website. The commission gave the countries two months to comply.