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 …

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  • User AvatarLorenzo 11th Feb - 12:03am
    Thomas yes , I agree but was questioning the level of support and not wondering in what way we could monopolise things , by any...
  • User AvatarPaul Holmes 10th Feb - 11:32pm
    Ruth -doesn't your example illustrate the flawed reasoning here however? Men make up 20% of Primary Teachers not because they are discriminated against when applying...
  • User AvatarDenis Mollison 10th Feb - 11:30pm
    Chris_sh - Horse-trading is just a rude word for negotiation and compromise, which are essential for adult politics. It works well when parties have a...
  • User AvatarRichard Underhill 10th Feb - 11:29pm
    Caron Lindsay 10th Feb '16 - 10:40pm No, inbetween.
  • User AvatarRichard Underhill 10th Feb - 11:25pm
    The process is accelerating. Sir Winston Churchill thought that referendums were undemocratic, the sort of thing that Mussolini would do. Edward Heath thought the same...
  • User AvatarCaron Lindsay 10th Feb - 10:40pm
    Can I just say to @tpfkar that the Holyrood and Welsh Assembly elections are NOT local elections. They are our general election.