Dec
17PARIS -(Dow Jones)- French finance minister Christine Lagarde said Sunday she welcomed the implementation in France of a European directive capping traders’ bonuses, known as “CRD3,” in a statement.
The directive, which completes the current legislation, was transposed into French law Dec. 17, and stipulates that at least 40% to 60% of bonuses will be paid to traders on a gradual basis over a minimum of three years, the minister said in the statement.
Half of the variable part of the traders’ remunerations will be paid in stocks or similar financial instruments while the prudential regulator will now be able to get banks to change their remuneration strategy if it is considered too risky, according to the directive.
Similar Posts:
- Tips About The Top Inexpensive Stock Picker Review
- What everyone should know about the new ICO cookie regulations
- 7 Reasons Term Insurance For The Elderly Is The Best
- Safe Investments: What You Should Know About Risk Free Investing
- HP Weighs on Dow; JP Morgan Lifts Financial ETFs
