Brussels, 30/06/2010 (Agence Europe) - On Tuesday 29 June, the European Parliament (EP) and the Council of the EU reached political agreement on the draft “Basel III” directive which refers to banks' remuneration policies (see EUROPE 10160). This directive will, for the first time, set a cap on bonuses (including on retirement perquisites) and link them to salary, according to the guidelines which will be developed by the new European Banking Supervision Authority (EBA). It will also...