Banker’s bonuses—lessons from abroad

Table of contents

• How have nations outside the EU addressed public concerns around bankers' remuneration?
• How do the rules around bonuses and remuneration in other jurisdictions compare to the EU and UK?
• To what extent have the imposition of caps led to any form of capital flight in those jurisdictions?
• Is there a sufficient disparity between remuneration rules in the banking sector across the world to lead to changes in the shape of the global financial markets?

Article summary

Financial Services analysis: As the Bank of England clashes with the European Central Bank over banker’s bonuses, Oliver Parry, head of corporate governance policy at the Institute of Directors, looks at the remuneration of bankers in an international context.