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"This could be the straw that breaks vase," said Jon Terry, a partner at accountants PricewaterhouseCoopers, while Angela Knight, Executive Director of the Association of British Bankers said rules would cause "significant challenges".

The CEBS guidelines made of finance professionals, could eventually receive fair 10pc of their annual bonus in a given tax year UK and adjournment is taken into account.

The rules will also be the multiple of salary cap targeted institutions are permitted to pay an annual premium, as well as forcing to reveal information more than ever on how their pay invoice decomposes by groups of employees.

With a consultation period of 30 days in advance of their implementation at the beginning of next year, banks and their lawyers are racing to submit a response to proposals that they consider as potentially very harmful for their business.

"The time is very short," said a spokesman for the Organization of trade industry funds the Association for financial markets in Europe.

Heart are concerned that guidelines will make it harder for banks focused on Europe, which will have to apply the rules throughout their businesses worldwide to compete with international rivals not subject to such onerous regulations.

For instance, the European investment banks like Goldman Sachs and Morgan Stanley will be required to comply, however outside of Europe in highly competitive markets such as China, and the India subsidiaries American authorities do not require to implement the rules us.

"Solution agreed in the European Union is not an international solution unless it was also agreed with the other members of the G20.Nous must cross the Atlantic to the United States and around Asia, in order to ensure that changes are imposing wisely everywhere, said Knight".

United Kingdom, it will be up to the Financial Services Authority work rules in code update compensation, who have complained already many banks is much stricter than anything by the other Member States.

Flexibility is given to the individual to decide how far to go with the rules of implementation ?uvre.Un point particularly controversial might be available that banks received State support should not "grant no variable remuneration as long as the support of the Government is not yet paid back" regulators, which would mean Lloyds and RBS prevented to pay bonuses to certain members of staff.

Here are the Committee of European banking supervisors prosposals

? Borders to apply in all areas of business inside/outside EU

? Prohibits the related performance golden parachutes

? Initial bonus subjected to claw back

? Large bonus could not be purely grant initial cash.

? Should be an appropriate between basic and premium wage rate.

? variable to be deferred for 3 to 5 years old pay 60pc 40pc

? Governments must be repaid before the premiums paid.

? Contracts must recognize the regulations.

? Information on the compensation available to shareholders.

? No multi-year contracts.

? Staff cannot cover the risk bonus is reduced.

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