Brussels, 13/07/2009 (Agence Europe) - On Monday 13 July, the European Commission proposed amending the Basle II directive on banks' capital requirements. This initiative aims to provide national supervisors with the possibility of penalising financial institutions that encourage excessive risk taking through their pay policies. Banks will have to have a coherent pay policy that promotes healthy and efficient risk management. National supervisors will be able to take, “efficient,...