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PeterCat

Bankers' bonuses to face strict limits in Europe

European regulators have confirmed tough restrictions on the bonuses that banks can pay their staff.

Only 20-30% of bonuses can be paid in upfront cash, according to new guidelines announced by the Committee of European Banking Supervisors (CEBS).

The rules are much tougher than those agreed by the G20 countries, raising fears that bankers may emigrate to more lightly regulated countries.

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Starfleet Admiral hoochieMember 10 years

An outbreak of common sense surely not!

Bonuses paid on demonstrable performance of the deals made is the only way to put sense back into our systems whether it be individual companies or banks .... the culture of the glib silver tongued superstar salesman has to end.

12/10/103:56 PM

Crispy ChristmasMember

Why these bonuses are paid in the first place beggars belief to me. It seems these folk in banking are a step above the normal "workers" who probably work twice as hard and recieve none of the bonuses.

The monies made should be paid back to the shareholders-- ie the folk who put money in the banks ( savers) instead of making the rich uber rich.

12/10/104:14 PM

Blizz'ardMember 10 years

As an ex bank clerk, can I just say that I looked forward to my meager Christmas bonus.

12/10/104:47 PM

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