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G20 agrees new rules on pay and bonuses: British PM

The G20 summit in London has agreed "new rules on pay and bonuses" after a day of negotiations, British Prime Minister Gordon Brown said on Thursday.

world Updated: Apr 02, 2009 21:35 IST

The G20 summit in London has agreed "new rules on pay and bonuses" after a day of negotiations, British Prime Minister Gordon Brown said on Thursday.

A risk-taking bonus culture among bankers has been linked by some world leaders, including Brown, to last year's credit crunch which triggered the world financial crisis that the G20 summit is trying to tackle.