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Page last updated at 08:55 GMT, Saturday, 3 July 2010 09:55 UK

EU bankers' pay restrictions 'not a hardship'


The EU has passed tough new laws on bankers' and hedge fund manager's bonuses to prevent excessive risk raking.

Arlene McCarthy, Labour MEP for the North West of England who helped draft the proposals, explains how the new rules will work.

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