We can only speculate on whether bonus levels would actually fall if this happens.
The rules meant Standard Life needed reserves to cover investments that promise guaranteed bonus levels.
Lenders, she said, fear that "bonus levels won't be the same in 2009 as they were in 2008" and will no longer take any risks.
The Options Group, an executive search and strategic consulting firm, delayed the release of its report to clients because it was recalculating bonus levels daily.
LGIM does not set a level of pay either but told companies: "We would encourage the reduction of short-term annual bonus levels.
Non-executive directors are supposed to advise corporate boards on strategy and act as a check on executive directors who might be prone to conflict of interest when it comes to their own salaries, bonus levels and employment contracts.
During a conference call, the chief financial officer, David A. Viniar, rejected criticism that the bank's high bonus levels ignored the tougher times experienced by other people elsewhere in the economy.
During a conference call, Goldman's chief financial officer, David A. Viniar, rejected criticism that the bank's high bonus levels ignored the tougher times experienced by other people elsewhere in the economy.
