The Dutch government has said that it will introduce a cap on performance-related bonuses in the financial sector.

The cap, limited to 20% was announced by Finance Minister Jeroen Dijsselbloem, who also heads the Eurogroup, at the weekend as part of proposed legislation on remuneration policy, which will be introduced when parliament resumes after the summer recess.

New banking laws had been promised by Liberal Prime Minister Mark Rutte in October when he formed a coalition government with...

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