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Speech: Michel Barnier – Regulatory framework for bonuses, next steps

( January 30, 2012, 16:44 GMT | Official Statement) -- MLex Summary: Bankers' bonuses could be capped as a multiple of salary or of the lowest-paid employee at the firm, to constrain awards that defy reason and morality, Internal-Market Commissioner Michel Barnier said. He added that the European Commission may bring further infringement cases if any EU countries fail to enforce previously enacted restraints on cash awards and other practices that encourage risk-taking.The text of the prepared remarks follows....

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