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...