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Europe Daily Bulletin No. 11201

21 November 2014
Contents Publication in full By article 34 / 34
COURT OF JUSTICE OF THE EU / (ae) banking
Advocate General says EU can impose bonus restrictions

Brussels, 20/11/2014 (Agence Europe) - EU legislation limiting the ratio of bankers bonuses compared to their basic salary is valid, in the opinion put by Advocate General Niilo Jaaskinen to the Court of Justice of the EU on Thursday 20 November. He considers that the United Kingdom's action should be rejected.

Legal context. In 2013, the EU toughened the prudential rules for banks (CRD IV package). Among the measures of the package were rules on the calculation of the remuneration by...

Contents

ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
SECTORAL POLICIES
EXTERNAL ACTION
COURT OF JUSTICE OF THE EU