French banks to offer to reinforce rules about bonuses

08/24/2009 | Financial Times (tiered subscription model)

As French bankers meet with President Nicolas Sarkozy and Finance Minister Christine Lagarde, they are prepared to reinforce rules related to bonus payments and disclosures. "The president has asked us to be exemplary," said a source in the French banking industry. "The most important thing is that we are in line with the [Group of 20's] recommendations and that we can show the lead."

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