Tag Archives: banking reform

LibLink… Sharon Bowles MEP: Calls for restraint have been ignored for too long – this bonus culture has to end

Sharon Bowles MEP writes about bankers’ bonuses in the Independent. She tackles the arguments against EU proposals to limit bonuses to a years’s salary. Will banks relocate overseas? Sharon says not:

Firstly, the threat of bankers relocating to avoid the cap has been grossly exaggerated.  The cap will only apply to a small number of so-called high-risk traders, around 5000 out of the estimated 750,000 people employed in London’s financial sector. Moreover, the bonus cap will also cover all key staff who work for European banks across the world, no matter whether they operate in London or Singapore. And with Switzerland

Posted in LibLink and News | Also tagged , and | 19 Comments

This week in Europe: 25-28 February

European Liberals and Democrats to oppose the 2014-20 budget proposal but accept the global amount

In a statement on Wednesday, the ALDE Group in the European Parliament adopted its position ahead of negotiations on the new EU budget. Guy Verhofstadt, its Group Leader, called for a transfer of spending from farming and cohesion policy towards research, innovation, infrastructure and competitiveness, and condemned the EU’s growing deficit;

Nor can we countenance the creation of excessive deficits, building up outstanding commitments year on year to a potential debt of €300 billion by 2020, if all commitments are taken up.

He also called for a binding …

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This week in Europe: 7-10 January

Report on proposed banking reforms is published

The Economic and Monetary Committee has published a report “Banking Union and a Single Banking Supervisory Mechanism“, with some expert opinions from European economists on the European Commission proposals to create a single supervisor for European banks. For those interested in the proposals, their viability and some of the arguments for gradations of supervisions – the 200 largest banks in the Eurozone have approximately 90% of the market in that area – the five opinions will provide a lucid, and brief summary of the key issues, the context in which decisions are being …

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  • User Avatarjedibeeftrix 28th Jul - 5:19pm
    left and right matters for exactly as long as the tories and labour define the political spectrum. the liberal - authoritarian spectrum will matter when...
  • User AvatarRichard Dean 28th Jul - 5:16pm
    @Joe Otten Not every emotion is an angry one. There is love, for example, though perhaps not relevant here. There is approval - simple support...
  • User Avatarjedibeeftrix 28th Jul - 5:11pm
    they get upset because they used to have sole-outsider legitimacy as the point-five party in a two-point-five party system. regardless of all else, the lib-dem's...
  • User AvatarGreen Voter 28th Jul - 5:10pm
    I am a bit concerned about this new rule "so nitpicking alone is just noise". One commenter who uses the name Chris tends to provide...
  • User AvatarSIMON BANKS 28th Jul - 5:05pm
    The very basic point about this is that the left-right axis means very little. If, for example, you look at where people stand on key...
  • User AvatarJohn Grout 28th Jul - 5:01pm
    Another important issue is of people's jobs being redefined, or entire swathes of individuals being forced to 'reapply' to 'new' jobs with functionally identical roles...