Banks warn of hiring handicap under EU bonus rules

Banks already facing intense competition from hedge funds to secure top talent have warned that they risk being handicapped in the hiring race by an overzealous interpretation of EU bonus rules. A recent legal analysis of EU legislation covering banker pay has made it clear that the rules must be applied across the sector, in theory removing the possibility for individual countries to apply exemptions.

This article was published in Financial Times, 25th August 2015