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 AvatarBolano 9th Oct - 11:36pm
    @David Evans What is being discussed here isn't representative democracy. If we follow Matthew Huntbach's reasoning, a smaller share of the vote for both the...
  • User AvatarDavid Evans 9th Oct - 10:39pm
    @ Matthew Huntbach - I too am sorry, but it is sad to hear a good Lib Dem like yourself describe a rationally argued point...
  • User AvatarPhyllis 9th Oct - 10:17pm
    Richard Underhill Cameron, Osborne and Gove are great mates. Gove and May loathe each other. So May gets the cold shoulder. Yes sometimes things are...
  • User AvatarPhyllis 9th Oct - 10:13pm
    The irony of a (seemingly) all-male panel of contributors taking over this thread, started by a Lib Dem woman, about the role of women in...
  • User AvatarDavid Wallace 9th Oct - 8:54pm
    Might donate tomorrow. I admire his balls (pardon the pun). Well done Stephen!
  • User AvatarDavid Morrison 9th Oct - 8:49pm
    I remain to be convinced of the alleged benefits of education campaigns in this regard. If some people are genuinely ignorant of the harm to...