Britain Takes Aim At EU Banker Bonus Limits

Law360, New York (September 25, 2013, 4:07 PM EDT) -- British financial regulators have taken aim at European Union rules planned to take effect next year that would limit banker bonuses to one year's base pay, arguing that such rules would only end up increasing base pay, the U.K.'s finance ministry said Wednesday.

Her Majesty's Treasury said it has filed a complaint with the European Court of Justice on EU rules that the European Parliament passed in April that limit bankers' bonuses to an amount equal to their yearly salary, a maximum of twice that as...
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