Irish Examiner – Bank Of England To Check If Allowances Comply With EU Cap – 12 March 2014

Irish Examiner

The Bank of England is scrutinising allowances awarded to top staff by banks in an effort to establish whether they are a covert way of avoiding a new EU cap on bonuses, a senior official at Britain’s central bank said yesterday.

By Huw Jones, Reuters

Quote: From next year, EU bankers’ bonuses can be no higher than fixed salary, or twice that amount if a bank’s shareholders give their approval.

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