New rules affecting bankers’ bonuses were announced in the Queen’s Speech as expected earlier today (November 18th).

Ministers have pledged to introduce a Financial Services Bill which would enable the Financial Services Authority (FSA) to tear up bonus contracts deemed to encourage risk-taking.

The regulator has also been given powers to seize assets of foreign banks to protect the assets of British savers. This follows the problems faced by account holders of Icelandic bank Landsbanki and its brand Icesave after it folded in October of last year.

Although the FSA’s curbs to bonuses could damage the earnings of those on finance graduate schemes, in the long run the move could boost the number of finance graduate jobs available if people choose alternative careers as a result.

Last month, a report by the Centre for Business and Economics Research said that bankers’ bonuses are set to increase next year and in 2011.

"So you’re a student or graduate who wants a top paying career in Banking & Finance?”

If yes, watch the video on the right now to gain instant access to everything you need to secure a top paid career / internship in banking & finance (Valued at £197)…