Paul Kavanagh from the investment firm Killik and co. said that new plans to cap bankers' bonuses will "create a very uncompetitive environment for many banks."
Speaking to Daybreak he added: "Not all pay is irresponsible pay."
As part of a financial reform package, ministers will consider a provisional proposal pushed last week by MEPs and backed by the European Commission.
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All would-be MPs should be forced to tell voters what paid jobs they have and whether they would keep them if elected, Lord Bew has said.
A Para who won the Victoria Cross gave up his military history studies just weeks into the course as he wanted to be a part of it instead.
Approaching Atlantic frontal systems will give a wet and windy night right across the UK.