EU leaders in bonus threat

EUROPEAN leaders are today set to agree plans for greater control over bankers&rsquo; pay ahead of next week&rsquo;s G20 meeting in Pittsburgh.<br /><br />In a statement expected to be endorsed at an EU meeting in Brussels this evening, the leaders will call on G20 countries to stand by commitments &ldquo;to encourage... a strong link between compensation and long-term performance&rdquo;.<br /><br />The leaders will also recommend &ldquo;binding rules on bonuses backed up by the threat of sanctions&rdquo;.