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

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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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Recent Comments

  • User AvatarTony Rowan-Wicks 1st Oct - 9:00am
    Well spotted Caron. And in reply to Tony, I would hope that every Lib Dem MP and every LD election campaigner is just waiting for...
  • User AvatarJUF 1st Oct - 8:57am
    @JohnTilley +1 @malc +1 It seems to me a far more effective way of "blunting the Tory blade" as Kelly-Marie put it would have been...
  • User AvatarJUF 1st Oct - 8:50am
    @Caracatus - in answer to: "and after we have an EU in out referendum – what happens to the UKIP vote?" - I'm assuming that...
  • User AvatarAnthony Vaughan 1st Oct - 8:32am
    Fantastic letter! Theresa May has a habbit of selecting the evidence to suit her needs and aims! JohnTilley is right, the Tories maje it so...
  • User AvatarMark 1st Oct - 8:31am
    Well said!
  • User AvatarRichard 1st Oct - 8:29am
    Great - so now pin her down during ministerial questions. Let us remember that Theresa May was the minister who allowed her own department to...