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 AvatarMick Taylor 26th Nov - 12:03pm
    Dear oh me Peter. Do you really believe that the EU having been subject to a torrent of abuse in the referendum will want to...
  • User AvatarMick Taylor 26th Nov - 11:48am
    @raddiy. So we Liberal Democrats are not entitled to a view? Not entitled to tell the UK electorate the pros (and vital necessary changes to...
  • User AvatarDave Orbison 26th Nov - 11:47am
    Expats and David Raw - spot on. Osborne has a tried and tested MO. 1. Leak doom and gloom then row back and be introduced...
  • User AvatarPeter 26th Nov - 11:45am
    The truth of your argument is that the EU is far from wonderful and the other states are worried. The EU is currently in rapid...
  • User AvatarDavid Raw 26th Nov - 11:36am
    "Paul Reynolds works with multilateral organisations". It would be helpful if we had full information on what and who these "multilateral organisations" are.
  • User AvatarPeter 26th Nov - 11:35am
    You can't have your argument both ways. If the EU is so wonderful, why is there paranoia about a rush for the exit by other...