Author Archives: Sharon Bowles

Sharon Bowles

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

By Sharon Bowles | Wed 17th April 2013 - 12:30 pm

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 …

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Posted in Europe / International and News | Tagged , and | 15 Comments
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