The Trader 

Market Outlook: Mind the (bonus) gap!

The Trader

In a report compiled by Magic Circle law firm Linklaters the bonus pool for British bankers has shrunk over the last 3 years and now stands exactly where it was in 2008 at £15 billion.  In the US, it has grown from $17.6 billion to $31.4 billion over the same period.  Employment partner Alexandra Beidas added, ‘’you have a scenario where the EU went full steam ahead [implementing financial stability board regulations], the UK gold-plated the rules, parts of Asia just brought in guidelines and the US is still sitting on draft versions’’.

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