Brussels, 21/03/2013 (Agence Europe) - On Wednesday evening, the Irish Presidency of the Council of the EU and the European Parliament reached final agreement on the CRD IV package of legislation transposing into the European Union the Basel III prudential bank rules (see EUROPE 10790). The EU rules set an upper limit on variable pay for bankers from 1 January 2014 onwards with bonuses limited at no more than the fixed salary (1: 1 ratio), with exceptions allowed if the majority of...