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Bankers' bonuses to face strict limits in Europe

European regulators have confirmed tough restrictions on the bonuses that banks can pay their staff.

Only 20-30% of bonuses can be paid in upfront cash, according to new guidelines announced by the Committee of European Banking Supervisors (CEBS).

The rules are much tougher than those agreed by the G20 countries, raising fears that bankers may emigrate to more lightly regulated countries.

BBC's Chief Economics Correspondent, Hugh Pym reports.

  • 10 Dec 2010
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