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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Largely dry across the UK through this evening
A former football coach has handed himself into police shortly after telling a newspaper he had sexually abused youth football players.
Cruz said his debut single combined two of his favourite things - singing and Christmas - and all profits will go to charity.