European Banking Authority Proposes Stiffer Bonus Rules

The European Banking Authority proposed to make it harder for lenders to sidestep limits on bonuses by plugging loopholes used to give discretionary payments on top of salary.

The eurozone’s watchdog published Wednesday the revised guidelines and put out to consultations for three months.

Bonus rules: There is no third category of remuneration
According to the EBA’s revised guidelines, remuneration isexclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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