Barnier tackles bonuses as UK tries to scrap cap

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Barnier tackles bonuses as UK tries to scrap cap

Michel Barnier 230

Michel Barnier, the outgoing European internal market commissioner, asked the head of the European Banking Authority to chase down banks using allowances to pay their bankers, thereby evading restrictions in the Capital Requirements Directive which are supposed to limit bonuses. Meanwhile, the UK had another hearing at the European Court of Justice to try to strike out the restrictions entirely.

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