|
|
Home
> News
|
G20 aims at bank pay and capital; stimulus to stay(Agencies)
Updated: 2009-09-06 09:11 BANK PAY AND BUFFERS Much of the public pressure before the meeting had centred on excessive bank remuneration, particularly for those who worked at banks receiving billions of dollars in public aid. "It is offensive to the public whose taxpayers' money in different ways has helped (keep) many banks from collapsing and is now underpinning their recovery," British Prime Minister Gordon Brown said at the start of Saturday's meetings. On pay and bonuses in the financial sector, the statement fell short of calling for caps, saying that: "We also ask the Financial Stability Board to explore possible approaches for limiting total variable remuneration in relation to risk and long-term performance."
That was seen as a compromise between France and Germany, which had pushed hard for pay limits, and Britain, the United States and Canada, which were opposed to caps. But it also effectively delayed a tricky political issue until the Pittsburgh summit later this month. Finance leaders broadly agreed that banks ought to hold more capital as a cushion against the sort of catastrophic losses that led to bank failures and bailouts. The final statement said that banks would "be required to hold more and better quality capital once recovery is assured." Geithner called for "greater urgency" on regulatory reform and cautioned that as the crisis recedes and the economy improves, the momentum for reform may wane. He had surprised many of his colleagues by releasing an 8-point proposal on new capital rules just two days before the G20 meeting, with some ministers saying they did not have time to review it. It is a delicate issue because tighter capital rules would likely hurt banks' profits and restrict their lending, both of which could be harmful to the economy. CHANGING WORLD ORDER The statement showed agreement that emerging nations like India and China should have a greater say in the running of the International Monetary Fund and World Bank but did not offer up any formula of how this should be achieved. It said only that their voice in global economic policymaking would grow "significantly" and that it expected "substantial progress" to be made on the issue at a summit of world leaders in Pittsburgh later this month. But the group said reforms need only be completed by the existing deadline of 2010 for the World Bank and 2011 for the IMF. The BRIC group of leading emerging powers -- India, China, Russia and Brazil -- had laid out on Friday concrete targets for how much movement they wanted in IMF and World Bank quotas. |
主站蜘蛛池模板： 九九九九视频 | 精品理论片一区二区三区 | 久久精品网站免费观看调教 | 欧美成人在线视频 | 亚洲天堂2015| 久久精品视频9 | 日韩中文字幕一在线 | 大陆精品自在线拍国语 | 欧洲成人在线视频 | 日本三级成人中文字幕乱码 | 涩涩国产精品福利在线观看 | 成人精品视频在线观看 | 欧美国产日韩久久久 | 亚洲最新视频在线观看 | 久久成人在线 | 一本大道香蕉久在线不卡视频 | 国产精品国产 | 国产成人精品综合在线观看 | 国产呦精品一区二区三区网站 | 欧美国产成人免费观看永久视频 | 牛人国产偷窥女洗浴在线观看 | 夜色邦合成福利网站 | 免费网站看v片在线香蕉 | 久色乳综合思思在线视频 | 日本不卡一区在线 | 日韩一区二区三区在线观看 | 欧美在线亚洲国产免m观看 欧美在线一级精品 | 国模午夜写真福利视频在线 | 欧洲成人在线视频 | 亚洲高清免费视频 | 97se亚洲综合在线韩国专区福利 | 久久国产精品99久久久久久牛牛 | 亚洲免费观看视频 | 国产免费久久精品99 | 亚洲欧美在线免费观看 | 中文字幕乱码中文乱码51精品 | 中文成人在线视频 | 亚洲视频黄 | 欧美一级毛片不卡免费观看 | 中国一级特黄视频 | 免费视频久久看 |
