Should bankers’ bonuses be capped at 100% of their pay?
In 2014, the EU passed legislation that capped bankers’ bonuses at 100% of their pay or 200% with shareholder approval. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on bankers’ pay will push up non-bonus pay and cause bank’s costs to rise.
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Based on 27.7k responses to this question.
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