The European Union's cap on banker bonuses introduced after the financial crisis a decade ago can help to curb excessive risk-taking, a Bank of England study showed on Friday.
FILE PHOTO: General view of the Canary Wharf financial district, following the outbreak of the coronavirus disease , in London, Britain, May 5, 2020. REUTERS/Marika Kochiashvili/File Photo
Britain had unsuccessfully opposed the cap, but bankers in London have been nurturing hopes that it could be discarded now that the country has left the EU and no longer has to apply its rules from January.
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