Brussels, 26/09/2013 (Agence Europe) - On Wednesday 25 September, EU Internal Market Commissioner Michel Barnier said: “I am not surprised that the UK has decided to bring this issue in front of the Court, having been the only Member State to object to the rules in the framework of CRD 4,” (see EUROPE 10828). He was referring to the UK taking the bank bonus cap to the European Court of Justice.
“I continue to believe that a tough framework for bonuses is necessary to ensure financial...