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Is this the death of bonus culture?

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Published on: 06 March 2013

Published by a LexisNexis Financial Services expert

Table of contents

Original news
What is proposed?
Who has agreed these proposals?
What is the significance of this announcement?
Is this an attack on the free market? Are other sectors subject to such limitations?
The UK government was the sole voice of dissent, is there any way in which the government could challenge or limit the effect of the decision?
What impact will this have on remuneration structures in the banking sector?
What are the relevant merits/downsides of the various options?
Do you believe financial institutions will leave Europe?

Article summary

Employment analysis: What does the future hold for remuneration in the banking sector? Following the EU announcement of a cap on banker’s bonuses Sean Jones QC, an employment specialist at 11KBW, discusses the announcement and what it means for the banking sector.

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