EU Parliament Votes to Limit Bonuses

Now why can’t we just do the same? The European Parliament voted on Wednesday to restrict bankers’ bonuses. Under the law, bonuses would be linked to salaries, cash bonuses would be restricted to 30 percent of total bonus, and a large portion of the bonuses would be deferred so that the bank can recover it, should investments not pan out. The European Parliament also set new capital requirements so that banks can cover risk more adequately.