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 …

Posted in Europe / International and News | Also tagged , and | Leave a comment

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 …

Posted in Europe / International and News | Also tagged , , and | Leave a comment
Advert



Recent Comments

  • User AvatarSIMON BANKS 19th Dec - 4:03pm
    I am really quite surprised that someone who is amazed and disgusted that local parties continue to "resist top-down change" is a member of a...
  • User AvatarSimon McGrath 19th Dec - 4:01pm
    @john Tilley "Unlike some, I do not favour one form of nicotine addiction over another" Really - you dont think the one which kills a...
  • User AvatarJohnTilley 19th Dec - 3:52pm
    Selective quotations and headlines can be misleading. You might have chosen the headline -- " Only 9% of smokers who use electronic cigarettes quit smoking"...
  • User AvatarDavid Gould 19th Dec - 3:43pm
    Sorry, but any worthwhile UBI would cost way more than £4bn. Try £40bn and possibly a LOT higher. You can't make money out of nothing....
  • User Avatarmatt 19th Dec - 3:35pm
    I quit smoking for 3 years before then started again in 2012 due to stress of losing my 14 year old dog. Now my partner...
  • User AvatarMalcolm Todd 19th Dec - 3:28pm
    Yes, Kerry. Terrorist murderers, being humans, have human rights.