EBF urges restraint on remuneration regulation to protect EU competition
An EBF report calls on EU governments to hold back on punitive reforms to banking bonuses because they may threaten the competitiveness of EU financial centres
Political moves to reform compensation policies within the EU banking sector could pose a threat to competitiveness, according to a report released by the European Banking Federation (EBF).
The EBF wants European governments, and the EU itself, to adhere to the commitments made by the Group of 20 (G-20) to produce an internationally consistent regulatory response to banking bonuses.
The Financial
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