EU banker bonuses to be capped at level of salary -lawmaker

BRUSSELS Wed Feb 27, 2013 6:48pm EST

BRUSSELS Feb 28 (Reuters) - Bankers face a cap on bonus payouts at the level of their salary under an agreement reached between EU country representatives and the European Parliament, Othmar Karas, the Austrian lawmaker who helped negotiate the deal, said on Thursday.

"For the first time in the history of EU financial market regulation, we will cap bankers' bonuses," Karas said in a statement, adding that if a bank's shareholders decide, that cap can be raised to double the salary.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.