Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-278"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-07-07"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20100707.23.3-278"2
lpv:hasSubsequent	lp_eu:2010-07-07-Speech-3-9002
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	vice-chair; Delegation for relations with the countries of Central America (2009-09-16--2012-01-17)3 unknown; Coligação Democrática Unitária (PCP-PEV) (2009-07-14--2012-01-17)3 vice-chair; EUL/NGL (2009-07-14--2012-01-17)3 vice-chair; EMPL (2009-07-16--2012-01-17)3 member; FEMM (2009-07-16--2012-01-17)3 substitute; ITRE (2009-07-16--2012-01-17)3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2012-01-17)3 substitute; Delegation for relations with the Mercosur countries (2009-09-16--2012-01-17)3
lpv:translated text	"It took a long time to approve the new rules on limits for bonuses, but these will only be applicable from January 2011, and rules on the banks’ own funds from the end of this year. This is disappointing given that austerity measures affecting workers and most of the public have already been implemented, as at present in Portugal, Greece and other countries. That is the reason why we voted as we did, as a protest against this double-standard policy. They are, nevertheless, limiting themselves to establishing stricter rules on bankers’ bonuses and reinforcing rules concerning banks’ own capital so that the latter are better prepared to face future crises. Pensions policy is also covered by the new legislation. If an employee leaves the credit institution before the reform, the discretionary pension benefits will be retained by the credit institution for a period of five years as contingent capital. Yet, bonuses will be continued even in the case of credit institutions which have to receive exceptional intervention from their respective governments. These bonuses will only be strictly limited to a percentage of net revenue, even though this is incompatible with maintaining a solid capital base and the aim of gaining public support at this opportune moment. This is unacceptable."@en1

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