Summary | Let's agree that people are right to be disgusted.
But being morally in the right isn't enough. These initiatives
aren't. Regulatory reform has pared back the subsidy for banks
but hasn't eliminated it. So doesn't capping bonuses, as the
European Parliament demands, serve that purpose? Not really.
The new rules don't go nearly far enough in this respect. ...
But being morally in the right isn't enough. These initiatives
aren't. Regulatory reform has pared back the subsidy for banks
but hasn't eliminated it. So doesn't capping bonuses, as the
European Parliament demands, serve that purpose? Not really.
The new rules don't go nearly far enough in this respect. ...
shanghaidaily.com | 12 November 2014