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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After a lively start to the long weekend with torrential, thundery downpours - a drier night.
The bouncy castle, commissioned for the Common People festival, is taller than the Great Wall of China.
An actor from hit US series 'Glee' has been indicted on child porn charges, federal prosecutors said.