EU may force banks to disclose pay

European banks could be forced to disclose details of all staff earning more than €1m (£880,000) under tough new proposals from the European Commission. Brussels would like every nation to collect information – which would also break out how much is paid in basic salary, bonuses and other incentives – and publish aggregate information for each country in the EU. The measures are just one of the proposals being considered by the EU to shake up banking regulation.