Europe’s bankers face bonus blues

The Committee of European Banking Supervisors, the umbrella body for banking regulation across the EU, concluded its discussions in London on the 7 October 2010 on new guidelines for bank bonuses. New draft guidelines were issued on the 8 October 2010. They are likely to force a fundamental rethink of how banks are structured. EurActiv claims in its article that the proposal would create the world's toughest and most far-reaching curbs on bonuses.

Website: Committee of European Banking Supervisors (CEBS) http://www.c-ebs.org/Home.aspx

EurActiv, 11.10.10: EU watchdogs show teeth over bank bonuses http://www.euractiv.com/euro-finance/eu-watchdogs-show-teeth-bank-bon-news-498652

ESO: Background information: EU parliament backs tough bonus rules http://www.europeansources.info/record/eu-parliament-backs-tough-bonus-rules/

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