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.