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 …

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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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  • User AvatarPeter Watson 3rd Dec - 11:44pm
    @David Pearce & @Johnmc "The other left parties ..." Tories and Lib Dems look pretty interchangeable as far as voters in Richmond Park are concerned....
  • User AvatarRichard Underhill 3rd Dec - 11:35pm
    David Steel is one of the signatories today of a letter to The Times on Lords reform. Previously he achieved legislation which included voluntary retirement...
  • User AvatarPeter Andrews 3rd Dec - 11:20pm
    To be fair to Trump the one China policy is a total nonsense, when the USA clearly supports Taiwan including militarily.
  • User AvatarJohnmc 3rd Dec - 11:02pm
    Indeed. It'd be liberal to give the beggar some cash, suggest they buy lunch and then leave them to make their own decisions, surely?
  • User AvatarJohnmc 3rd Dec - 10:59pm
    The other 'left' parties did contest Richmond Park - I think everyone's forgotten that this used to be a lib dem seat until 'nice' zac...
  • User AvatarJohnmc 3rd Dec - 10:58pm
    It's very likely that the scots parliament could derail brexit. The SNP are assiduous students of the constitution, and while others doze off they will...