EU ministers tackle bank bonus cap, Britain holds out

EU finance ministers said on Tuesday there was very little room for manoeuvre on plans to cap banker bonuses, leaving Britain’s George Osborne looking isolated at talks on key new regulations for the banking industry.

A decision reached last week by the EU’s current chair Ireland and the European Parliament would see bankers’ bonuses strictly limited in order to prevent the excessive risk-taking many blame for the 2008 global financial crisis.

via Business feed http://www.scmp.com/news/world/article/1180169/eu-ministers-tackle-bank-bonus-cap-britain-holds-out