G20 will curb bank bonuses

09-05-2009 • Telegraph

However, the summit threw out French and German proposals that each banker's bonus pot should be limited, in a decision which will be welcomed by City banks. The Financial Stability Board, an international grouping of regulators, has been tasked with devising detailed rules over bonus structures between now and the main summit. Some suspect it may go so far as to dictate certain percentages of a bank's profits which are allowed to be put towards bankers' bonuses.However, experts have warned that the crackdown will be extremely difficult to impose.