A fifth of bankers in Europe received allowances, Emolument says

Almost a fifth of bankers surveyed in Europe received an additional payment ahead of plans by regulators to limit bonuses in the region, according to compensation data provider Emolument. Out of 190 directors and managing directors questioned, 36 got such an award during the 2014 bonus season, Emolument said. More than half of those that received payments were based in London, with the rest in Zurich, Paris and Frankfurt. The allowances were a small proportion of base pay, Emolument said.

This article was published in Bloomberg, 17th February 2014