Home
Finance Resources
Investment Planning
Banking
Finance
Stock Market
Futures & Options
Trading
Mutual Funds
Insurance
Taxation
Enquire
Home » Finance News » EU looks at bail-out bank bonuses

EU looks at bail-out bank bonuses

HTML clipboard

The European Union (EU) will take a look at bonuses at banks that received government bail-outs.

The EU's competition commissioner, Neelie Kroes, said EU governments had been advising the European Commission on how they viewed bonus payments.

"One element we pay attention to is notably the remuneration incentive structure," she said.

The goal of these packages should be to promote "long-term profitability" at the banks that dish them out.

The debate about bonuses has reached a fever pitch this year, with many blaming huge payouts for encourage the risky lending that led to the financial meltdown.

Bonus outcry

Public anger has also been aroused by large payouts to banks and institutions that have taken huge bail-outs or that have been brought under state control, such as the Royal Bank of Scotland in the UK and AIG in the US.

The Group of 20 (G20) richest nations, who meet in Pittsburgh later this month, recently agreed to consider proposals such as deferring bonuses in order to make discourage short-term risk-taking.

G20 finance ministers meeting in London backed the idea from the UK as an alternative to a mandatory cap on bonuses sought by countries such as France.

Last month, the UK's financial watchdog, the Financial Services Authority, announced new rules to curb excessive pay.

These included deferring part of any bonus for three years to discourage short-term risk taking.



More Finance News
1 2 3 4 5 6 7 8 9 10 11 >> Next


put comment
Domain Registration | Windows Hosting | Linux Hosting | Java Hosting | Virtual Dedicated Server | Dedicated Server | Reseller Web Hosting | Unlimited Windows reseller hosting | Unlimited Linux reseller hosting | Cheap Windows reseller hosting | Cheap Linux reseller hosting | Cheap Windows hosting | Best Windows hosting | Windows hosting Multiple Domains | Unlimited Windows hosting | Compare hosting plans | Cheap Linux hosting | Best Linux hosting | Linux hosting Multiple Domains | Unlimited Linux hosting | Cheap asp.net hosting | Best asp.net hosting | unlimited asp.net hosting | Cheap asp.net reseller hosting | Unlimited asp.net reseller hosting | Java Features | Cheap Java hosting | Best Java hosting | unlimited Java Hosting | Unlimited Linux reseller hosting | Java Hosting Multiple Domains| | Matargashti Full Song | Matargashti mp3 Download | Matargashti Video Download | Matargashti Song Tamasha | Prem Ratan Dhan Payo Songs Download | Prem Ratan Dhan Payo Songs mp3 Download | Prem Ratan Dhan Payo Songs Video Download | Pinga Song Download | Pinga Full Song mp3 Download | Pinga Song mp3 Download | Pinga Song Video Download | Latest Bollywood Updates | Bollywood Updates | Prem Ratan Dhan Paayo Songs Download|
© ProfitGuruOnline-2024. All Rights Reserved.