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European Parliament Set to Soften Fund Manager Pay Curbs: Lawmaker

Reuters – European lawmakers are likely to shy away from demanding strict bonus curbs on fund managers, a leading lawmaker said on Tuesday [July 2], as doubts grow about replicating planned caps on bankers’ pay.

The move to cap bank bonuses bolstered the legislature’s standing among European citizens who blamed a bonus-driven banking culture for the reckless risk-taking that ultimately triggered the global financial crisis.

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