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
Advert

Recent Comments

  • James Dennison
    Thanks David. I certainly didn't mean to imply that the UK begins and ends with England — rather, Scotland, Wales and Northern Ireland already have substantia...
  • James Dennison
    Thanks Jana. My instinct would be to approach this from the other direction: rather than create a new English Parliament to exercise the powers currently exerci...
  • Jana
    “ Give England institutional expression” Just ‘institutional expression’? Unless it is viewed as acceptable that criminal laws in England, for exampl...
  • David Raw
    Professor Dennison write, "England does not need another large parliament or bureaucracy"..................... and goes on continually refer to England. Writ...
  • Jana
    We don’t need a cap on donations - we need a cap on total spending by each political party, both on routine running costs each year and on specific election c...