Will new EU-wide bankers' bonus rules end excessive risk-taking?

Hitchins, Chris; Brown, Ashley Cara
July 2010
People Management;7/29/2010, p31
The article reports on the approval of a new law by the European Parliament in July 2010 aimed at restricting bankers bonuses across the European Union (EU) member states and eliminate excessive risk-taking. Under the new rules, bonus payments will be based on the actual performance of banks and that banks should set a maximum limit on the size of bonuses. Pension payments will also be based on banks' performance while bonuses will be limited at banks bailed out by the government. They call for amendment of the capital requirements directive.


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