Sunday, February 13, 2011

Strict Management of Bank of the EU executive pay - International Finance

 According to Xinhua News Agency, Brussels, February 10 (Reporter Shang Jun) - The European Commission responsible for the internal market and services commissioner Michel Barnier, 10, warned that the EU will consider the introduction of more stringent banking executive pay restrictions .

Barnier in Brussels to attend an industry day activities, said that the Commission will assess the salary limit has been introduced that is adequate and whether the full implementation of relevant provisions.

financial crisis, the bank executive's remuneration arrangements are considered too risky investments fueled behavior, is one of the factors causing the crisis. When the bank executives earned pours, the Government has to spend taxpayer money to rescue banks in crisis, which caused a public outcry.

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