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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Recent Comments

  • Alex Macfie
    "those on the left don’t tend to see individuals but see people as members of identity groups," so do many on the Right, using "identity groups" to divide peo...
  • Jason Connor
    Well done for putting in the effort in an inner London constituency, and showing how it can be done. There have been similar issues in Greenwich where the rulin...
  • Jason Connor
    I so agree with David Raw. Middle England is not the only constituency worth targeting likewise for Scotland and Wales. Left behind areas and those with und...
  • Jason Connor
    "Treating people as individuals" - these traits can and are seen by people on the left. Social liberalism is not a classic centre right liberal philosophy. It i...
  • Tim
    So glad you are a councillor again. Still miss you here....