EBA steps up bonus cap pressure on Dutch prop traders
Dutch regulator told to “pay attention” to pay rules that EC plans to scrap for non-banks
The European Banking Authority (EBA) has stepped up pressure on Dutch regulators to enforce strict bank-like bonus caps on principal trading firms, even as the European Commission is poised to recommend exempting all European investment firms from the rules.
On December 6, the EBA officially closed an investigation into an exemption from the Capital Requirements Regulation used by proprietary trading firms in the Netherlands, after the Dutch central bank (DNB) announced it would impose CRR on
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