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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Thunderstorms affect mostly southeast England tomorrow with a mixture of sunny spells and showers into the afternoon.
The government has been forced to release a full report into the impact of fracking, after initially handing over a heavily-redacted version
Midfielder Kartie Chapman's husband and three sons, will be nervously watching the semi-final against Japan back in England.