David Buik
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EU bankers' bonus plan 'insanity personified'

5 March 2013 Last updated at 12:29 GMT

Proposals by the European Parliament to limit bankers' bonuses are "insane" according to veteran broker David Buik.

The plans are expected to be approved by finance ministers at a meeting in Brussels.

Mr Buik told BBC News the result would be detrimental not just to the City of London, but the whole of the European economy.