Nick Clegg interview on RBS bonuses

The transcript discusses the need for restraint in bonus payments, highlighting a 15% reduction in the overall bonus pool. It emphasizes that RBS should consider its unique position and adopt a responsible approach to remuneration, distinct from other banks.

What is the speaker's opinion on the necessity of restraining bonus payments?

What is the overall percentage decrease in the bonus pool mentioned in the text?

Why does the speaker believe that RBS needs to be conscious about bonuses and pay in the future?

What comparison does the speaker make regarding RBS and other banks?

How does the speaker suggest that the remuneration approach should be characterized?