Barnier needs to choose his battleground
The regulator must choose the right strategy and select his targets carefully if his campaign against banking industry excess is to succeed
The issue of bankers bonuses continues to be a political hot potato as bank chiefs defy political and public pressure to curb pay-outs as public sector cuts begin to bite
UK High Court judge calls German bank’s behaviour ‘highly reprehensible’ and upheld his earlier ruling that it must pay about €50m to 104 bankers
A new study has revealed a sharp increase in fixed remuneration as banks seek to retain staff and bypass regulation such as the UK’s bonus tax
Some 94 per cent of shareholders offered support for management’s pay plans, in contrast to the protests that have engulfed other banks such as Citigroup
German bank’s supervisory board removes a €500,000 salary limit for top executives despite its failure to pay a dividend since the financial crisis
Barnier’s initiative would hand bank shareholders voting power to curb ‘morally indefensible’ pay and limit the gap between the lowest and highest paid
The regulator must choose the right strategy and select his targets carefully if his campaign against banking industry excess is to succeed
The European Commission’s head of internal markets proposes a bonus cap and a ceiling for the highest pay awarded defined as a multiple of the lowest
The boards of banks have managed to turn executive pay into a wider social issue resonating well beyond the industry, writes Martin Taylor
Investors will win from waging war on excessive bonuses. Shareholders have long taken a passive approach to their responsibilities as owners
Perhaps the most beneficial thing would be to spearhead a move back towards old-fashioned cash rewards, writes John Plender
The only place to claw back dividends is from investment banks where lower returns cannot justify bankers’ high pay, writes Patrick Jenkins
No one is sure if Barclays’ move is a concession or an empty gesture
Public confidence in the financial system will not be restored if banks pay their top executives sums that they find hard to justify to their owners
One of the most contentious bonus seasons ever culminated with three British banks handing out almost £100m to their top executives