EU bonus cap means ‘firing in downturns’

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

EU bonus cap means ‘firing in downturns’

A tight cap on bankers’ bonuses, agreed by EU policymakers late on Wednesday night as part of a provisional accord on new capital regulations, may not encourage good behaviour as hoped and will simply drive up fixed costs at banks. This in turn could lead to more firing during downturns, bankers told EuroWeek on Thursday.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article