Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-894"

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	"es"^^xsd:language2
lpv:document identification number	"en.20100707.23.3-894"2
lpv:hasSubsequent	lp_eu:2010-07-07-Speech-3-8932
lpv:speaker	lp:Raül Romeva i Rueda2
lpv:spokenAs	unknown; Iniciativa per Catalunya Verds (2009-07-14--2014-06-30)3 substitute; PECH (2009-07-16--2012-01-18)3 substitute; Delegation to the EU-Turkey Joint Parliamentary Committee (2009-09-16--2014-06-30)3 substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2013-04-17)3 member; FEMM (2009-07-16--2012-01-18)3 vice-chair; G/EFA (2009-07-14--2012-01-31)3 substitute; LIBE (2009-07-16--2012-01-18)3 member; Delegation for relations with the countries of Central America (2009-09-16--2014-06-30)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3 member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2012-02-12)3
lpv:translated text	"The European Parliament has just adopted a directive restricting bonuses within the banking sector. From January 2011, only 30% of a bonus may be paid in cash, and at least half must be paid as shares or capital that will be available to the bank in case of difficulty. In addition, variable incentives must also be provided in line with salaries. The rules adopted today strengthen banking sector capital requirements. This means that, two years after the global financial crisis, these new rules will transform the bonus culture and put an end to incentives that lead banking executives to take excessive risks. A high-risk, short-term bonus culture damages the economy, and it is taxpayers who end up having to pay. As the banks have not managed to introduce reforms, we have to do the work for them."@en1

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