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Banker Pay Rules Creates ‘Unlevel Playing Field,’ Mercer Says

European banks are at a competitive disadvantage in employee compensation compared with their U.S. counterparts because of the different rules imposed by regulators, according to human-resources consultant Mercer.

The “unlevel playing field” is caused by the different U.S. and Europe approaches to deferred bonuses, Mercer said in an e-mailed statement today. About 88 percent of European companies surveyed have long-term incentive stock awards depending on performance conditions compared with 50 percent in the U.S., it said.