This month, Members of the European Parliament proposed to introduce further restrictions on bonus payments in the financial services industry through the imposition of a fixed one-to-one ratio between salary and bonus (meaning a bonus could never exceed base salary). For any such provisions to be enacted, they would have to be agreed to by the European Council and the European Commission as well as the European Parliament. Accordingly, despite a number of reports about the proposed changes, they do not appear to be imminent.