Reporting by Iain Withers, editing by Sinead Cruise
Christian Sewing, CEO of Deutsche Bank, poses after an interview with Reuters in Hong Kong, China September 8, 2023. REUTERS/Selena Li/File Photo Acquire Licensing Rights
LONDON, Nov 29 (Reuters) – The European Union should consider scrapping a cap on banker bonuses to remain competitive with other financial centres, Deutsche Bank CEO Christian Sewing said on Wednesday.
Sewing told a Financial Times event in London that the bloc should take account of other jurisdictions that are ditching similar caps – including Britain – and consider replicating the reform, providing it did not revive a culture of excessive risk taking.
Our Standards: The Thomson Reuters Trust Principles.
