José Manuel Barroso, the president of the European Commission, wants to restrict the bonuses the banks pay, enabling them to recoup part of the funds from those who caused the crisis.
European leaders concur that the fees for bankers should be linked more tightly to the long term performance of their financial institutions.
The bonuses should no longer be guaranteed, and thus should be adjustable in case a bank would underperform.
The European forcing on the bonus-issue might be facing some American resistance, since it is a reminder to the eruption of the crisis in their nation, implying the Americans will have to pay through taxes.
Jean-Marcel Steenhout
maandag 5 oktober 2009
BeantwoordenVerwijderenBonus restrictions to be expected ?
José Manuel Barroso, the president of the European Commission, wants to restrict the bonuses the banks pay, enabling them to recoup part of the funds from those who caused the crisis. European leaders have agreed that the fees for bankers should be linked more tightly to the long term performance of their financial institutions. The bonuses should no longer be guaranteed, and thus should be adjustable in case a bank would underperform. The European forcing on the bonus-issue might be facing some American resistance, since it is a reminder of the eruption of the crisis in their nation, implying the Americans will have to pay through taxes.
Jean-Marcel Steenhout
Geplaatst door EcoEnglish op 15:12