Proceeding contribution from Lord Sassoon (Conservative) in the House of Lords on Tuesday, 11 January 2011. It occurred during Ministerial statement on Banking: Bonuses.
Banking: Bonuses
Indeed, bonuses based on a number of forms can be remunerative. It is now a fundamental part of the package agreed by G20 Ministers, incorporated in the European capital requirements directive in force from 1 January in the UK, that a significant part of bonuses now has to be paid in a non-cash form and cannot be cashed in for a considerable period. Absolutely, that needs to be part of the structure.
Secondary information
- Type
- Proceeding contribution
- Reference
- 723 c1337
- Session
- 2010-12
- Chamber / Committee
- House of Lords chamber
- Subjects
- Disclosure of information Codes of practice Business Banks Bank of England Incentives Financial Services Authority International Monetary Fund Loans Regulation Tax avoidance Taxation Treasury Royal Bank of Scotland Bank levy Independent Commission on Banking
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
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- 2023-12-15 19:33:41 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_699187
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