European Union financial services chief tells Commons committee authorities are looking into applying bonus cap proportionallyThe European Union’s executive is looking at whether to exempt smaller banks from the bloc’s cap on bankers’ bonuses, its financial services chief Jonathan Hill said on Tuesday.
Responsibility for banker pay was carved out of the Briton’s portfolio when he took up the job in Brussels and handed to EU justice commissioner Vera Jourova.
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Source: theguardian.com