7 October 2012
On October 2nd a working group under the leadership of Erki Liikanen, Governor of the Bank of Finland, completed its report on the banking sector. The group advocates, amongst other things, a more thoroughgoing division between banking activities involving risk and ordinary banking activities, and also wants to see real limits put on bonuses. In the SP’s view these proposals might have gone much further, but at least the report goes in the right direction. Dutch bankers have once more protested, not having yet learnt their lesson. The report should, however, be obligatory reading for Prime Minister Mark Rutte and his potential coalition partner, Labour leader Diederik Samsom, who could incorporate the proposals into their plans for government. Then we’d really see whose pulling the strings when it comes to this accord. Labour - who even wanted to see a national public bank – or, via the Liberals, the bankers who reject even the mildest proposals?
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