Author Archives: Sharon Bowles

Sharon Bowles MEP writes: New EU rules make a more secure, sustainable and transparent banking system

Yesterday the European Parliament passed a historic package of financial legislation following almost two years of negotiations. The most widely publicised aspect of these new rules is the cap on bankers’ bonuses, introduced in an amendment by the European Parliament and supported by Lib Dem MEPs. As well as the moral justifications, there are many good rational reasons for the cap. Significantly, it will realign the bonus to salary ratio to more reasonable proportions, thus reducing the kinds of excessively risky behaviour which contributed towards the financial crisis. It is important for banks to show restraint and take a more …

Posted in Europe / International and News | Tagged , and | 15 Comments
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    To get a GNU, needs a successful VONC against the current government. Getting even three Tory names to support the motion would be a major...
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    Simon Hebditch - superb analysis and totally agree about falling into a trap. We should have given the idea a circumspect welcome without committing to...
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    @Dilettante Eye “Social disobedience”, “Civil Disorder”? Surely that could equally happen in a No Deal worst case scenario? And you know who would get the...
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    Jo Swinson should double down now and call out Corbyn for not putting the country first. She should say his recklessness risks a damaging no...
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    This is a helpful article. I hope and pray for HK's status to remain undisturbed and, like David Warren, that democracy will spread into China....
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