MPs criticise central bank on bonuses

New guidelines drawn up by the central bank and financial services authority AFM to govern bonuses at banks are too general and too vague, MPs say.

MPs from the ruling Labour party (PvdA) joined Liberals (VVD) and Socialists (SP) in calling for more concrete proposals which can be better monitored, news agency ANP reports.
For example, the guidelines state companies should set a maximum for bonuses as a percentage of basic salary. ‘But what are we talking about in concrete terms?’ said Labour MP Paul Tang. ‘Do we mean once, twice or three times salary. If companies don’t get clarity, they won’t do anything.’

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