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 AvatarEthics gradient 28th Oct - 3:12am
    I think it is useful at to post up a map of how everybody voted. http://static1.uk.businessinsider.com/image/576cd2fd91058428008cb52f-1213/screen%20shot%202016-06-24%20at%207.21.45%20am.png Take a really good look at it and see...
  • User AvatarKatharine Pindar 28th Oct - 12:58am
    Hi, folks. As a counsellor I'm well aware of self-fulfilling prophesies, and I think that the more people accept that Brexit WILL happen, the more...
  • User AvatarDavid Pearce 28th Oct - 12:10am
    Even if Brexit becomes inevitable because article 50 gets submitted and is irreversible (though legal challenges still pending on that), that is not the political...
  • User AvatarAndrew McCaig 27th Oct - 11:13pm
    Ethicsgradient Do you mean a "huge backlash" like us getting 42% and the rest getting 58%?? I would take that! But actually the polls and...
  • User AvatarAndrew McCaig 27th Oct - 11:01pm
    6. That Theresa May has made it very clear that the Tory change of heart on Heathrow is all because of Brexit, since apparently it...
  • User Avatarmadmacs 27th Oct - 10:55pm
    I am a Lib Dem member and voted Remain but for those who want a second referendum I think you are "whistling or worse in...