Under the terms of the new deal, which is subject to qualified majority voting, bankers' bonuses will be limited to a maximum of one year's base salary, or twice the salary if a large majority of shareholders agree.
It comes as part of a financial reform package, including the introduction of higher capital requirements for banks, intended to prevent a repeat of the financial crash of 2008.
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At least 2,400 cancer sufferers die needlessly every year because their GP does not refer them to a specialist quickly enough.
It comes after shadow chancellor John McDonnell made a surprise U-turn on the Tory budget vote which is due later today.
Georgia Williams could have been saved if police had not missed several chances to catch her killer, a review found.