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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  • User AvatarIan Sanderson 29th Sep - 9:19am
    'Little New Zealand' is 10% bigger than the UK and is a very efficient agricultural and especially dairy producer, which gives at something to trade...
  • User AvatarRobert 29th Sep - 8:40am
    The idea that people like Donald Trump and for that matter Nigel Farage aren't part of 'the establishment' is laughable!
  • User AvatarRobert 29th Sep - 8:28am
    Expats? Do you mean British retired or economic migrants overseas?
  • User AvatarStevan Rose 29th Sep - 7:39am
    "remarks about trading with the world are easier said than done." Yet little New Zealand with just 4 million people manages it. Go figure.
  • User AvatarManfarang 29th Sep - 6:05am
    WW2 wasn't just in Europe. Think Japan. The above article reflects the insular views that have developed in the UK in the last two decades....
  • User AvatarManfarang 29th Sep - 2:35am
    Dave Orbison "seriously?" Yes Momentum is the stuff of student politics of 40 years ago. The New Left may look new to todays young. I...