Aiming to head off growing public anger at the large remuneration and bonuses that banking executives continue to be given despite many of them receiving billions of euros in state aid, some European governments appear to be looking to cap their pay - a move welcomed by the European Commission.
On Thursday (5 February), French President Nicholas Sarkozy said that he aimed to change how bankers are paid, with details beginning to emerge over the weekend.
A voluntary code of conduct...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login