(BRUSSELS) - Lawmakers at the European Parliament added to growing calls in Europe for the screws to be tightened on bankers' massive bonuses to discourage them from taking excessive risks.

"Financial institutions should disclose their remuneration policy, notably including the packages offer to directors," a report adopted by the parliament said.

"Market supervisors should assess whether the remuneration policy encourages extreme risk taking when they examine a company's risk management," it added.

Bankers' bonuses have come into focus recently amid the financial crisis over concerns that they encouraged wheeler-dealers to focus too much on the volume of deals with little regard to their risks.

In 2004, the European Commission issued recommendations for tougher controls, but found little support from member states, apart from the Netherlands.

However, since the current crisis broke out, member states are showing new-found interest in taking action to rein in executive bonuses.

At a meeting in Luxembourg on Tuesday, EU finance ministers reserved the right to dismiss executives of failing banks that get state bailouts without their 'golden parachutes' -- fat payoffs at the end of their contracts.

More generally, the ministers adopted recommendations that would allow governments to limit golden parachutes even at companies that do not get state bailouts, particularly in the financial sector.

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