Source:
https://scmp.com/business/banking-finance/article/1154741/eu-fails-agree-basel-iii-bank-rules-row-over-bankers
Business/ Banking & Finance

EU fails to agree Basel III bank rules in row over bankers' bonuses

Talks stumble over capital requirements and attempt to put limit on bonus levels for bankers

Politicians have failed to pass caps on bankers' bonuses.

The European Union failed to seal a deal on Basel bank rules yesterday after disagreeing at talks in Brussels on bonuses, capital requirements for big lenders and powers available to the European Banking Authority.

Members of the European Parliament and diplomats agreed to reconvene on February 27 after their negotiations ended without a deal on how to implement components of the Basel bank regulations in the EU.