About: bankers' bonuses

Banking union 01-04-2020

Authorities call on bankers to adjust bonuses in response to pandemic

Banking authorities are calling on European banks to cut their bonuses for this year in order to reflect the impact of the coronavirus and dedicate more resources to the real economy.
Brexit 23-06-2015

Top British bankers face 10-year bonus clawback

Top bankers in Britain could have their bonuses clawed back a decade after they were awarded under proposals from regulators on Tuesday (23 June) that would make industry pay curbs the toughest in the world.
Brexit 21-11-2014

UK concedes defeat in bid to block EU bank bonus limit

Britain suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses on Thursday (20 November), withdrawing its legal challenge after an adviser to the bloc's top court made clear it was unlikely to succeed.
Brexit 15-10-2014

UK bankers breaking bonus cap, says EU watchdog

The bulk of a new type of allowance paid to bankers are in breach of the European Union's bonus cap and must be changed by the end of the year, the EU's banking watchdog said on Wednesday, raising the prospect that banks will have to bump up basic pay or risk losing top staff.
Brexit 01-10-2014

Hill survives attack by UKIP’s ‘Big Bad Woolfe’

Jonathan Hill wasted no time in displaying his pro-EU credentials at his European Parliament confirmation hearing today (1 October), and was promptly attacked by a UK Independence Party MEP.
Brexit 26-09-2014

No EU plan to undermine UK on oversight of bankers’ bonuses

A decision to remove oversight of bankers' pay from the European Commission's financial services portfolio was made before the United Kingdom's Jonathan Hill was nominated for the post, officials said on Friday (26 September).
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Brexit 26-09-2013

EC on the UK-EU row over banker bonus cap

Britain has launched a legal challenge to the European Union's cap on bankers' bonuses which London fears will hurt its financial industry. Capping bankers' bonuses in the EU has been on the European Commission's agenda since the onset of the financial crisis. Under a deal struck by MEPs and EU member states in 2010, bonuses could be capped at 30% of their bankers' salaries, rising to as much as 20% for higher salary bands. EU rules on compensation are enshrined in proposed amendments to the existing Capital Requirements Directive.
Brexit 26-09-2013

Britain sues EU over banker bonus cap

Britain has launched a legal challenge to the European Union's cap on bankers' bonuses which London fears will hurt its financial industry.
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Euro & Finance 17-04-2013

Parliament gives green light to cap bankers’ bonuses

The European Parliament has voted to curb bankers' bonuses and reduce speculative risk-taking, and to step up capital provisions to help banks better cope in times of crisis. 
Euro & Finance 17-04-2013

Parliament gives green light to cap bankers’ bonuses

The European Parliament has voted to curb bankers' bonuses and reduce speculative risk-taking, and to step up capital provisions to help banks better cope in times of crisis. 
Brexit 20-03-2013

MEPs to close deal on bankers’ bonuses

EU lawmakers are expected to agree today (20 March) to bar bankers in Europe from getting bonuses bigger than their salary, introducing the first cap of its kind globally.
Euro & Finance 06-03-2013

Isolated Britain loses EU battle on bank bonus cap

Britain was left isolated in Europe on Tuesday (5 March) after it failed to secure backing to water down new EU rules limiting bankers' bonuses. A final decision is expected in March or April, with the new rules expected to be in place by 1 January next year.
Euro & Finance 04-03-2013

Capping bankers’ bonuses: What should come next

The recent decision of the European Union to cap bankers’ bonuses is a true step in the right direction of regulation of the financial markets, writes Ernst Stetter.
Euro & Finance 15-02-2013

EU, US agree to fast-track bank rules, bonus cap

The European Union and the United States agreed on Thursday (14 February) to implement the new global Basel III capital adequacy rules for banks as soon as possible, EU financial services chief Michel Barnier said after a meeting in Washington.
Brexit 05-07-2012

UK warned: Parliament to hit back on bankers’ bonuses

The European Parliament will stand firm against Britain's attempt to limit proposals designed to curb bankers' bonuses and the powers of the European Banking Authority, an influential MEP told EURACTIV.
Euro & Finance 13-04-2012

MEPs mull tighter rules on bankers’ bonuses

The European Parliament is likely to ban bankers’ bonuses that exceed salaries, after the EU banking regulator found inconsistencies in the calculation between rewards and risk-taking.

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