ECON II

ECON-IIThis page is also available in French.

Committee on Economic and Monetary Affairs II (ECON II):

Culture change within the banking industry: how can the EU support a sector that works better for the general public without driving investment and bankers out of Europe?

Committee Article

As the European banking industry slowly returns to standalone strength (not requiring state support) a key priority for the major stakeholders, national governments and their public, the EU, and the industry itself, is focusing on how they can ensure the culture of banking is more risk-conscious. One of the most prominent aspects of this debate has been the matter of bonuses, a matter on which the European Parliament recently legislated, capping bonuses at a maximum of 200% of salaries. This is but one example of the required culture change, discouraging a high risk-high reward way of thinking, it will be up to ECON II to consider how this proposal and others do this whilst at the same time allowing banks to be profitable.

Links:

Worth your time