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Brown tries to win votes with banking greed laws

Publié par Clifford Armion le 28/09/2009

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Philip Webster

"Alistair Darling and Gordon Brown will widen Labour's attack on banking's greed and recklessness today in an attempt to create a new election divide with the Conservatives.

"The Chancellor will tell the party conference in Brighton that legislation to be introduced in the next few weeks will scrap automatic year-after-year bonuses and stop executives getting payouts unless they can prove they are deserved. Bonuses will be deferred over a period so that they can be clawed back if they are not warranted by long-term performance.

"In a related move to prevent bankers cashing in this Christmas, before the new laws come in, Mr Darling and Christine Lagarde, the French Finance Minister, will tell banking leaders this week that they should immediately implement rules on deferring bonuses and stopping automatic payouts that were agreed by the G20 at the weekend."

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Pour citer cette ressource :

"Brown tries to win votes with banking greed laws", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), septembre 2009. Consulté le 14/04/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/brown-tries-to-win-votes-with-banking-greed-laws