Spain’s EU presidency to push for bonus sanctions

MADRID – The Spanish government has announced it will push for sanctions against banks that give out “excessive” bonuses during its six-month presidency of the European Union, which ends in June.

A document from the Spanish treasury says the adoption of new EU rules will allow market supervisors to impose financial sanctions against firms “that do not adopt remuneration policies that are compatible with efficient management.” The government appears determined to make sure the new rules will be a

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