HSBC boss criticises bonus clampdown

摘要

European rules to cap bankers' bonuses at twice fixed pay are "a retrograde step" that could add to difficulty in recruiting staff to the industry, the head of Europe's biggest bank hsbc has said. Europe has decreed that banks can only pay bonuses to staff equivalent to twice their fixed pay and last week said new "allowances" introduced by many to meet the rules counted as variable pay, so would need to be restructured again. Banks say changes already made would reduce risk-taking by staff, with bonuses to be paid in future years or potentially taken back.