Brussels to ask bankers the €1m question

Banks in Europe will be required to disclose more information about the number of their employees earning more than €1m under proposals put forward by the European Commission in January 2011.

The idea was included in wide-ranging proposals put forward by EU officials in Brussels on the 20 July 2011 as part of the draft plan to overhaul regulation in the banking sector.

ESO: Background information: European banks warned to curb bonuses http://www.europeansources.info/record/european-banks-warned-to-curb-bonuses/

ESO: Background information: Brussels unveils tough bank capital rules http://www.europeansources.info/record/fight-expected-over-eu-bank-capital-rules-brussels-unveils-tough-bank-capital-rules/

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