The agreement limits bonus payments across the EU to, at most, twice bankers' annual salaries.
Prime Minister David Cameron has insisted that it must be implemented in a way that takes into account the position of London as a global financial centre.
Banks have increased salaries across Europe by 37 per cent in the past four years in response to the current crackdown on bonuses.
More top news
We're on the cusp of of some deep rooted cold air from Siberia.
It has been 15 years since the end of the DRC's civil war, but now the country appears to be slipping back towards the abyss.
The former Save the Children chief executive has announced he is resigning from Unicef "because of the danger of damaging" both charities.