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

Posted in LibLink and News | Also tagged , and | 19 Comments

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 …

Posted in Europe / International and News | Also tagged , and | Leave a comment

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 …

Posted in Europe / International and News | Also tagged , , and | Leave a comment
Advert

Recent Comments

  • Mick Taylor
    Mark Frankel is always 110% on the side of Netanyahu and the Israeli state, but his comments are not wholly wrong. I do feel angry that far too many people try ...
  • Steve Trevethan
    Might it be appropriate to promote whole nation-beneficial policies and their marketing, rather than concentrate on attacking other parties? Might it help to...
  • Ricky Treadwell
    Votes for all other parties will be up for grabs, we have to win anti-status quo voters from reform for example. To do this as can't just fire shots at unpop...
  • Christopher Haigh
    Coincidentally Tim Iredale on Politics North lad t Sunday devoted the whole programme to the way surviving coalfield communities of the South Yorkshire have bee...
  • Katie Wilson-Downie
    This is positive steps to fighting the real elephant in the room. Something that affects many but sadly we would believe it affects a minority, Such awful e...