Latest update: 13/05/2013
- banking - Bonuses - Economic crisis - economy - European markets - European Union - London
EU banker bonus cap: will the bite match the bark?
Under an EU-wide deal, banker bonuses will be capped at a year's basic pay or double that amount if there is explicit approval from shareholders. Large bonuses were blamed for much of the reckless behaviour that led to the 2008 financial crisis. But the move has been fiercely opposed by the UK, who says the cap will drive business away from London.
With our guests:
- Philippe Lamberts, Belgian MEP, Group of the Greens;
- Robin Emmott, Brussels correspondent, Reuters.
Programme produced by Isabelle Romero and Salima Belhadj