TITLE

Will new EU-wide bankers' bonus rules end excessive risk-taking?

AUTHOR(S)
Hitchins, Chris; Brown, Ashley Cara
PUB. DATE
July 2010
SOURCE
People Management;7/29/2010, p31
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the approval of a new law by the European Parliament in July 2010 aimed at restricting bankers bonuses across the European Union (EU) member states and eliminate excessive risk-taking. Under the new rules, bonus payments will be based on the actual performance of banks and that banks should set a maximum limit on the size of bonuses. Pension payments will also be based on banks' performance while bonuses will be limited at banks bailed out by the government. They call for amendment of the capital requirements directive.
ACCESSION #
52810091

 

Related Articles

  • PRA chief hits out at EU bonus cap. Holt, Natalie // Money Marketing (Online Edition);3/4/2013, p20 

    The article focuses on the perspective of New Prudential Regulation chief executive Andrew Bailey on the measures adopted by the European Union (EU) regarding banker's bonuses in Europe. It states that Bailey criticizes the EU's approval of reducing banker's bonuses, indicating that it will not...

  • PRA chief hits out at EU bonus cap. Holt, Natalie // Money Marketing (Online Edition);3/4/2013, p135 

    The article discusses the criticism of Andrew Bailey, the new Prudential Regulation Authority chief executive, on the measures of the European Union (EU) to cap bankers' bonuses. Bailey is unconvinced that such measures will succeed in curbing pay, saying that the prescriptive rules will not...

  • shortlist.  // Town & Country;Feb2012, Vol. 166 Issue 5380, p24 

    The article offers information on the increase in the cash bonuses for banker in the U.S.

  • Compensating Wall Street Sociopaths. Hightower, Jim // Progressive Populist;9/15/2009, Vol. 15 Issue 16, p3 

    The article focuses on the compensation discrepancy held by bankers in Wall Street, New York. It says that bank executives of Wall Street entail themselves with self-entitlement including increase in compensation, guaranteed bonuses and incidental benefits using tax dollars from the government....

  • Bonus cap for bankers takes effect. Paterson, Jennifer // Employee Benefits;1/2/2014, p1 

    A summary is presented of a new legislation to cap bonuses earned by European bankers which took effect from January 1, 2014.

  • UK bank bonuses at lowest share of salary in a decade. O'Connor, Sarah; Brunsden, Jim // Australian Financial Review (0404-2018);8/28/2015, p21 

    The article reports that the bankers' bonuses in Great Britain have fallen to their lowest proportion of total pay in a decade, but the other British workers have received higher payouts.

  • Should the EU cap bankers' bonuses? Cotton, Rob; Kinnersley, Adrian // Director;Apr2013, Vol. 66 Issue 7, p33 

    The authors debate the issue of whether the European Union (EU) should legislate caps for executive bonuses in the banking industry. Rob Cotton argues that the bonus system does not inspire employee loyalty, productivity, or teamwork. Adrian Kinnersley claims that a cap on bonuses would caused...

  • SUFFERING FROM... REWARD DEFICIENCY SYNDROME? Kirwan-Taylor, Helen // Management Today;Jul2009, p18 

    The article focuses on the description of reward deficiency syndrome. It is depicted as a great sufferings of addicts that explains the doings of top bankers and politicians. It is said that the reward deficiency syndrome is difficult to treat since the thought of living is intolerable to...

  • Blame Brown, don't bash the bankers. CLEARY, ALAN // Mortgage Strategy;2/23/2009, p13 

    The article presents the author's views on the payment of bonuses to small time banks who are doing well financially. The author opines that ordinary banks who are doing well and had not contributed to banking system failures should not be denied a bonus. He states that if the credit will be...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics