EU talks on prop firms leave door open to harsher pay rules

Final law could subject many firms to bonus cap, but even those that escape could struggle

euro payment - protect money - Getty - web.jpg

Ongoing negotiations between European Union legislators threaten to produce stricter rules on pay at principal trading firms than even the European Commission proposal, which includes a cap on bonuses and other awkward restrictions on payments.

Most worryingly for prop traders, possible amendments would impose the bonus ceiling on more firms than envisaged by the EC, creating problems for the sector where profits vary hugely from year to year and payouts fluctuate accordingly.  

“The biggest

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here