EBF urges restraint on remuneration regulation to protect EU competition

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 Stability Board (FSB) principles agreed to by G-20 leaders advocate a risk-based approach to reforming

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