U.K. banks are battling efforts by the British government to impose regulations that would force them to disclose bonuses awarded to their top traders. George Osborne, Chancellor of the Exchequer, is trying to make compensation more transparent, but the banks have argued disclosure could lead to vilification of high-paid individuals and drive them out of the U.K. The government has been looking at Hong Kong’s model, which requires disclosure of salaries and bonuses of highest-compensated employees, but observers say it may settle on a more moderate scheme.
