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
Vic Reeves and Bob Mortimer have promised 'uplifting moments', 'some magic' and 'dancing styles' on their first tour for two decades.
Another freezing, frosty and icy night ahead but this will be followed by a dry and sunny day for most tomorrow.
Phone hacking was "rife" at the Daily and Sunday Mirror newspapers and the People by mid-1999 at the latest, the High Court has heard.