EU presidency calls on G20 to cap bank bonuses | business | Hindustan Times
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EU presidency calls on G20 to cap bank bonuses

Swedish Prime Minister Fredrik Reinfeldt called on Thursday for G20 countries to implement a cap on bankers bonuses, as he arrived for a summit of European leaders in Brussels.

business Updated: Sep 18, 2009 11:26 IST

Swedish Prime Minister Fredrik Reinfeldt called on Thursday for G20 countries to implement a cap on bankers bonuses, as he arrived for a summit of European leaders in Brussels.

"I think we need a cap for the bonuses, as part of your income, or part of the revenue of the company you are working (for) or part of the income of that company," he told reporters.

"I hope to see a European agreement on this. We of course know that (the) United States is very often against this idea. It's not the only regulation that needs to be done."