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Unless officials enact smart bonus rules, dangerous risk-taking will go on.
NEW YORK TIMES Tip Bankers Like Waiters | Forget about Europe's proposed bonus rules.
George Osborne, is already challenging the EU's bonus rules in the European court of justice.
But as things stand, the pain from the new bonus rules looks likely to be felt only by the bankers.
The European Union's latest bonus rules will make it hard for banks to go back to their old ways, if the boom times return.
Mr. Fischer said he saw the future of the firm in London even as bigger banks threaten to move abroad because of higher taxes and tighter bonus rules.
Similar(36)
In 1983-84 a rule was put in where two free throws were awarded for a common foul in the last two minutes, if the bonus rule was in effect.
But it won't get much support in the UK, where chancellor George Osborne is fighting the bonus rule and Bank of England governor Mark Carney has argued all along that it will lead to just such bigger payouts and make it harder to claw back pay when things go wrong.
Bonus rule: Delete any photo you wouldn't want people seeing if it was a photo of you.
Killebrew signed his contract under Major League Baseball (MLB)'s Bonus Rule, which required that he spend two full seasons on the major league roster.
He also created a "Grandstand Managers Club", the first in baseball history, allowing fans to give feedback to the team, and advocated for the repeal of the Bonus Rule.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com