Commerzbank has introduced "clawback" arrangements to withhold bonuses as part of an overhaul of its compensation structure for top managers and investment bankers.

Two-thirds of any bonuses for the bank's capital markets employees will be deferred, with half of the deferred payments to be paid out in shares. The remaining deferred cash component will be set aside in a "bonus bank" that will only pay out in full if Germany's second-largest bank continues to meet targets in subsequent years.