has grabbed the headlines today by extending the number of companies who will have their remuneration policies restricted. Something we were all expecting and really this is being done under EU law as per usual.
As the big banks have changed, now other financial institutions will do too.
As ever, there seems to be a big patch missing. The City is made up of Insurance, Banks and Investment Management in the main; but they are advised by Lawyers, Consultants and Accountants.
These are the people who also earn big money, easing into 6 figures in their late twenties, and signed off on the the rubbish that caused the credit crisis. Also they are paid volume and utilisation related bonus's just like the other Financial Services firms- but they escape censure still in this new world.