Lagarde hits out at bankers’ bonuses

Report of a FT interview with the Finance Minister of France, Christine Lagarde, July 2009. She said that banks that have started to pay their staff guaranteed bonuses again are an 'absolute disgrace' and should be reined in by governments at the G20 summit in September 2009.

Website: Financial Stability Board http://www.financialstabilityboard.org/

FSB: FSF Principles for Sound Compensation Practices, 2009 http://www.financialstabilityboard.org/publications/r_0904b.pdf

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