From the Financial Times,
Bankers fear transatlantic pay split
US financial groups with operations in London are increasingly concerned that British regulators’ tough stance on pay could create a two-tier system in which UK bankers’ bonuses are smaller and spread over a longer period than those of American colleagues.
I welcome this. The US needed some external pressure on this matter. I shan't say more. Guys like George Soros has been more than cogent why these financial types shouldn't be paid like before.
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