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 AvatarStephen Howse 19th Apr - 8:12pm
    Indeed. So do we really need another one in a position of power and influence?
  • User AvatarCaracatus 19th Apr - 7:57pm
    Bath is one of the 12 or so seats the Lib Dems will almost certainly win, so I hope they pick someone who has the...
  • User AvatarDavid-1 19th Apr - 7:30pm
    I'm sure the loss of the members has to be counted Nick's biggest win, as by it he's moved the Liberal Democrats significantly to the...
  • User AvatarDavid Evans 19th Apr - 7:18pm
    David Evershed - Which bit of losing 22,000 members; 2,150 councillors; 5 MPs, most of our MSPs and in a month's time most if not...
  • User AvatarGeoffrey Payne 19th Apr - 7:04pm
    I guessed Dennis Potter and I was right! Luck I guess although I knew he was left wing. It is worth finding the video clips...
  • User AvatarDavid Evans 19th Apr - 7:01pm
    Ah well, there goes another seat in 2015. Sadly even in a strong seat like this, incumbency was by far our best chance.