Bankers' pay has become one of the most divisive issues among G20 members as they prepare for September's summits on the world's financial system.

UK Chancellor Alistair Darling earlier this month pledged to put bankers' pay on the agenda of the finance ministers meeting in London on September 4, claiming an international approach was needed to crack down on excessive pay in the financial sector. But it would appear European leaders may not be reading from the same script, with some pressing for tougher reforms.