ZURICH, Feb 4 (Reuters) - Swiss bank UBS said itis considering following rivals and paying an extra allowance tostaff to comply with new European Union rules that will cap thebonuses of its London staff to twice their salary.
"There are various options and it goes without saying one ofthose is to use allowances that are supplementary, and can beincluded in the fixed compensation framework," Chief ExecutiveSergio Ermotti said on a conference call.
He said UBS would decide in the "next couple of months" thebest way to comply with the EU directive. Rivals includingBarclays and Goldman Sachs plan to introducemonthly allowances that count as fixed pay, rather than bonus,for staff affected by the rules.