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 AvatarDavid Blake 25th Oct - 9:34am
    Strange that there wasn't even a Lib Dem candidate in the Oban election in a parliamentary seat we hold.
  • User AvatarMatthew Huntbach 25th Oct - 9:32am
    Colin Greens are growing rapidly. SNP are growing. Plaid Cymru is growing. Ukip is growing. I would say that it is the centre which should...
  • User AvatarColin 25th Oct - 9:31am
    @JonTilley " It is not clear what political facts you base your assessment on." Her party is not in freefall or heading for a very...
  • User AvatarMatthew Huntbach 25th Oct - 9:31am
    John Tilley After the General Election in a few weeks time it is obvious that you do not want a continuation of the Conservative dominated...
  • User AvatarHugh p 25th Oct - 9:25am
    It is proper to note that in the Scottish referendum Aberdeenshire voted NO by a substantial majority, so a Lib Dem loss of Gordon next...
  • User AvatarMatthew Huntbach 25th Oct - 9:18am
    John Tilley Let me take what you are saying to an absurd limit. Suppose there was a political party which said the answer to all...