Bankers who make more than their bosses could be ensnared by European Union bonus curbs even if their total pay is less than 500,000 euros ($644,000), under proposals from the bloc’s top regulator of the industry.
Martin Wheatley, the top U.K. markets regulator, criticized a European Union cap on banker bonuses as the bloc’s banking watchdog prepares to expand the limits to thousands more financial-industry employees.
Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later, European Union regulators may discover energy traders never learned the lessons of the scandal.
High-frequency traders and other investors may face punitive fees when they create market volatility by placing excessive numbers of canceled orders under European Union plans to clamp down on market abuse.
Commodity brokers, facing a loss of business from a shift of derivatives trading onto exchanges, are seeking a reprieve under European proposals letting them maintain control of less transparent niche markets.
Deutsche Bank AG and Banca Monte dei Paschi di Siena SpA were criticized by European Union lawmakers for entering into a derivative that obscured losses at the world’s oldest lender before it sought a taxpayer bailout.
The U.K. Serious Fraud Office opened a criminal probe into the attempted rigging of interest rates that led to a record fine against Barclays Plc, adding to pressure on banks already under investigation by regulators around the globe.