Tag Archives: financial regulation

What European liberals have achieved over the past five years – the economy

Given how little coverage there has been in the British media of the work of the European Parliament, it comes as no surprise that few voters know what it does. Luckily, the ALDE Group in the Parliament have produced a guide to their achievements since the last European election in 2014, and I’m going to take the opportunity to highlight some of them today.

More stable financial markets

Scandals around the manipulation of the LIBOR and foreign exchange benchmarks, as well as the alleged manipulation of other indices, has highlighted the importance of benchmarks and their vulnerabilities. ALDE led negotiations …

Posted in Europe / International and News | Also tagged , , , and | 28 Comments

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 | Also tagged and | 15 Comments
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