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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A 20-year-old man who died in a triple stabbing outside Parsons Green Tube station has been named by police.
Capable of crossing the Atlantic in under three hours, Concorde flew at over twice the speed of sound, reaching altitudes of 60,000ft.
The announcement is part of a £500 million cost-cutting drive which will take place over three years.