Banks will face limits on the total amount they pay their staff in bonuses until they meet more demanding capital requirements, an international body of regulators and central bankers agreed on Tuesday. The proposal for temporary curbs from the Financial Stability Board will be submitted to leaders of G20 countries next week, ahead of their summit in Pittsburgh on September 24, the FT said.

This entry was posted by Stacy-Marie Ishmael on Wednesday, September 16th, 2009 at 4:41 and is filed under Capital markets. Tagged with Banks, executive pay, g20. Edit this entry.