France lunges for bankers' pay

Regulations are tightened for nation's lenders ahead of G20 gathering

Friday 6 November 2009 at 16:42

French Finance Minister Christine Lagarde unveiled plans for tougher regulation of bankers' pay, aiming to make the issue a priority for the Group of 20 leading economies at their meeting in Scotland this weekend.

Lagarde on Thursday said the rules for French banks - which include a stipulation that banks publish some details of employee bonuses annually - will apply both at home and abroad.