Jul
03
According to the BBC, new EU rules to regulate bank bonuses – announced on Thursday – will hit Mayfair hard: the onerous restrictions on pay, says Robert Peston, the BBC’s business editor, will apply to hedge funds too: I have learned that the bonuses paid to senior executives at hedge funds and fund managers are to be subject to strict conditions, under new EU-wide rules that have been agreed by EU members states and legislators.
Under the new rules, agreed by member states and legislators, only 30 per cent of any bonus for bankers and fund managers could be paid straightaway in cash – and the proportion would fall to a fifth for large bonuses. Source
Address: http://globalwealthnews.com/?p=450
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