The European parliament and the European Union countries agreed on Wednesday collection bankers bonuses, the measures will be in financial institutions greed dredge public anger upper limit, but opponents say, marks a reckless beyond Brussels to the private sector compensation trade.
Introduction of the banker's bonus limit negotiations, in the European Union resume last Wednesday, after a week, European parliament and ambassador fail to reach an agreement. In the 27 member states of the eu's most countries will support the European parliament through the measures, make laws.
The limitation of the bankers' pay is popular in the mainland still struggle to get rid of the 2008 financial crisis in the ruins. Costly salary was accused of encouraging Banks take too much risk, unstable bank be bailed out, then it needs.
Banks and industry lobbyists strong resistance from the upper limit bonus. They say, such restrictions would force Banks to raise interest rates, employee basic wage, salary bill does not agile.
Britain, especially alert any measures, it might hurt, the continent's financial capital, the city of London 144000 bank staff and many related work.
However, European lawmakers see a hat - may limit double JiXin bonus - because the only way to curb the out of control, reduce risk compensation incentive, make bank more safety.
Upper limit is the only way, we will see bonus restraint, and promote the reform of the salary, the British members of the European parliament said: "Arlene McCarthy." Congress is not prepared to compromise. The legislative council has been tired of, because they don't see any constraint bonus culture ".
The countries of the European Union ambassador rules negotiation between outbreak last week in how far more conflict. But more strict rules seem to be sure.
, "an official said:" sure there will be a bonus cap. "This is just how much problem.
Decision is Greenwich mean time 1800 years ago, is not expected to have a possibility, it may be delayed for more negotiations.
Britain, eager to protect a department accounted for one over ten of the economy, is trying to limit advice, make them pay higher bonus, if the stock right dilution influence.
Nearly 700000 people in London's financial and professional services. Real estate in the past ten years has spent about 2.7 billion pounds ($4.1 billion) in prize money, be in British capital, according to Reuters property company savills data compilation.
"If the new salary limit will result in Switzerland and the far east, Norman pull monte, former finance minister British ruling conservatives, in the" daily telegraph "wrote:" exodus of bankers and traders.
"Don't take it too fine a bonus, cap is compelling is, why it was a huge mistake, meaningless mixed congress held in Brussels any legislative power in all economic insanity, reflects a piece of."
Many people think of the banking industry, the reform will not low salary in the financial, headhunting said, some years in London method 5000000 pounds bag.
Take the market as the guidance
"This will change the way of salary structure," said Andrew default, a headhunting, recruit traders and other Banks in Michael page. "This is not civil servants, this is a market driven industry. If you want to make money, then you need to reward them."
Earlier try to limit for bankers' pay, and the European Union law force financiers delay payment worth more than five years, just make the lender increase the basic salary.
However, the European parliament, McCarthy said that Banks improve basic wage will become more difficult. Bonus rules will be more extensive legislation setting a higher standard of bank capital, part of the increased cost and contain free increase wages.
Hedge funds and private equity investment company will be ruled out in such restrictions, even though they are faced with salary restrictions, later this year in the other members of the law.
Who to Reuters bankers are worried about the law, but not willing to, like many of their employers, public talk about reform.
Brussels, plan from the beginning of next year, may effect the limit, but in an industry relaxation activities have contributed to the most bonus two times wages or lower events beyond.
Peak by 2008, for 1.15 billion pounds ($17.40 dollars), in London's bonus dropped to 440 million pounds, last year, according to the centre for economics and business research study. According to the forecast, pool will only for 150 million pounds this year and future further to fall.
On Wall Street, on the contrary, securities bonus amount of $2 billion last year, the average cash dividends rise, it is estimated that nine percent of almost $121900, New York controller said, this week.
Banks in the United States and Asia's bonus cap from Brussels optimistic climate may be some of the banker's the last straw.
"We've been talking about years of economic and regulatory environment potential in foreign countries, and said:" we haven't really see it, but it may be enough to drive a lot of people out of wall frame, a london-based headhunting company.
 
 



Other News:
EU moves closer to imposing caps on banker bonuses
Ahead of the Bell: US Unemployment Benefits
Parties may struggle to form government in Italy
NY marks 20th anniversary of World Trade bombing
Deutsche Telekom 2012 loss of $6.88 billion)
Putin: Russian military by 2020 the proportion of new equipment will reach 70-10
‘Housing Recovery Is the Real Deal This Time’
Abe delivered his policy speech: Japan-US alliance as the base axis strengthen d