MEPs endorse new bank capital rules

Bankers’ bonuses to be capped as part of compromise with member states.

The European Parliament’s plenary in Strasbourg today (16 April) endorsed tougher rules on the capital that European Union banks must hold as a buffer against financial shocks. The compromise deal also caps bankers’ bonuses at a level equal to their basic salary, or at double that if a certain number of shareholders agree.

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