Call for "binding" pay rules on banks
Ahead of the G20 meeting later this month that will focus on new regulatory requirements for banks, and this weekend's meeting of G20 finance ministers, the leaders of the UK, France and Germany have made a united call for "bindingrules" to be imposed on banks.
In a joint letter written on Thursday, Gordon Brown, Nicolas Sarkozy and Angela Merkel said capital requirements for banks conducting speculative activities deemed a threat to systemic stability, and that the G20 should consider ways of
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