Brussels, 04/03/2014 (Agence Europe) - On Tuesday 4 March, the European Commission unveiled draft new rules to identify people in the financial world whose work impacts on his or her employer's risk profile and is therefore subject to the new EU cap on bank bonuses.
For the first time in the EU, the European Parliament's firm line on bank bonuses has led to caps on the variable pay of bankers and investment company managers (see EUROPE 10812). Bonuses must be below the fixed salary level...