Nathalie van Berkel of the D66 party. Photo: Getty
Bloomberg
The lower house in the Dutch parliament approved a plan to scrap bonus restrictions for most financial sector staff, a major step in softening a rule that has long been excoriated by the industry.
A majority in the house of representatives yesterday voted in favour of easing the current ceiling on variable pay for the bulk of bank and fintech staff. The change, which still needs another vote in the chamber and then senate approval, would leave in place the cap for top staff known as material risk takers.
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