It comes as banks prepare to pay bonuses for last year's performance.
The British Bankers Association said bonuses were now 'smaller' and rewarded sound, long-term decision making.
The UK government is currently preparing a legal challenge to an EU cap on bonuses which limits payouts to 100% of basic salary.
The cap is designed to come into effect on bonuses awarded from 2014.
Banks have been accused of raising basic salaries to compensate for lower bonuses in response to the EU-wide cap.
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