10 time more London bankers may get hit by EU bonus cap

The European Banking Authority, which sets the rules for banks in the 27 European Union countries, is thought to have approved proposals that would require a cap on bonuses for anyone whose pay is more than €500,000 (HK$5 million).

via Business feed http://www.scmp.com/news/world/article/1240830/10-time-more-london-bankers-may-get-hit-eu-bonus-cap