Chancellor George Osborne is warning that capping bankers' bonuses will drive banking business away from the EU, and the UK.
New plans for banks to set aside more money to help small business, will see stricter limits on salaries to increase liquidity.
At a meeting in Brussels today, ministers will consider a provisional proposal pushed last week by MEPs and backed by the European Commission.
More top news
The Duke and Duchess of Cambridge went salmon fishing in Canadian waters on the latest leg of their royal visit to the country.
What happens when a former president holds up a current president hoping to fly home for dinner with his family?
Following a bruising televised debate with Hillary Clinton, Donald Trump's week seems to have only got worse.