 EU finance ministers set to debate banker bonus cap March 5, 2013 - 12:55 AMT PanARMENIAN.Net - European Union finance ministers meeting in Brussels will debate the contested issue of whether to legally cap the bonuses bankers can receive, AP reports. Many EU countries favor the move, but British officials have expressed reservations. Under the proposed legislation, bankers' bonuses would be limited to one year's base salary, and double that if a large majority of a bank's shareholders agreed. The measure is part of a package of financial laws that would require all banks to hold more capital and liquidity reserves to shield taxpayers from having to pay for more expensive bailouts. It would also lay the groundwork for a single banking supervisory mechanism for the eurozone. The finance ministers won't hold a formal vote Tuesday, March 5, because technical details of the law package must still be finalized. Partner news  Top stories “It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said. The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan. On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter. Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann.   Partner news |  Latest news Obama to unveil plans for nuke arms cut in Berlin speech  The president will spend his day in meetings with Merkel, German President Joachim Gauck, and Peer Steinbrueck.North Korean envoy seeks to mend ties with Beijing - experts "If China's stance is still firm, North Korea will understand that there are no loopholes to exploit," an expert said.Maradona wins $490,000 compensation from Chinese firms Maradona has won compensation from two Chinese firms for using his name in an online game, Hot-Blooded Soccer, without his consent.Four U.S. troops killed after Washington’s Taliban move It came after sources in the Obama administration said a Taliban office is to be opened in the Qatari capital of Doha. |
