Britain sues EU over banker bonus cap

Series Title
Series Details 26.09.13
Publication Date 26/09/2013
Content Type

EurActiv reported on the 26 September 2013 that Britain had launched a legal challenge to the European Union's cap on bankers' bonuses which London feared would hurt its financial industry.

BBC News reported on the 5 March 2014 that the UK-based banks Lloyds and Barclays were going to avoid EU bonus cap by paying shares instead.
Source Link http://www.euractiv.com/euro-finance/britain-sends-eu-court-banker-bo-news-530712
Related Links
ESO: Background information: EU to approve new banking rules including bonus cap http://www.europeansources.info/record/eu-tightens-up-bank-lending-rules-and-bonuses/
BBC News, 25.09.13: UK Treasury in legal challenge to EU bonus cap http://www.bbc.co.uk/news/business-24273838
EUObserver, 26.09.13: UK launches court challenge against EU bank bonus deal http://euobserver.com/political/121563
UK: HM Treasury: News, 25.09.13: Legal challenge launched into new rules on bankers’ pay https://www.gov.uk/government/news/legal-challenge-launched-into-new-rules-on-bankers-pay
BBC News, 05.03.14: Lloyds and Barclays avoid EU bonus cap by paying shares http://www.bbc.co.uk/news/business-26453390
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