Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-04-16-Speech-2-341-000"

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"en.20130416.41.2-341-000"2
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"I fully support a raft of new measures to reform the EU banking system, including a cap on bankers' bonuses, transparency for payments made by banks to governments, and financing the real economy. The UK Tories have rejected calls for a cap on bankers' pay, but are at the same time freezing public sector pay. This shows once again that they are more interested in protecting those in the banking sector who have taken excessive risks than ordinary working people. I welcome new rules to make sure that banks that are ‘too big to fail’ are required to set aside more capital to ensure that there are sufficient safeguards in the banking system to ensure credit during ‘stress’ periods. I believe that new measures adopted by the European Parliament can put an end to the current banking model, where banks largely owned by the taxpayer are still paying out bonuses for bankers that have fixed Libor rates, mis-sold payment protection insurance and suffered EUR 5.2 billion in losses."@en1
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