More British bankers earn 1m euros than in rest of EU: study

More bankers in Britain earned 1 million euros (HK$10.1 million) in 2011 than in the rest of the European Union combined and would easily breach a planned cap on bonuses, according to data from the bloc’s banking regulator showed.

Publishing figures on bank pay for the first time, the European Banking Authority (EBA) said that 2,436 bankers based in the UK pocketed 1 million euros or more in 2011.

The EBA’s proposed cap sets a basic 500,000 euro salary threshold, above which a bonus can be no higher than fixed pay, or twice fixed pay if there is shareholder approval.

via Business feed http://www.scmp.com/business/banking-finance/article/1283793/more-british-bankers-earn-1m-euros-rest-eu-study