G20 final text has accord on banker bonuses

Source: Reuters

PITTSBURGH (Reuters) - The Group of 20 nations reached a final agreement on regulating banker bonuses that calls on countries' regulators to apply corrective measures, such as higher capital requirements, on non-complying institutions, a European G20 source said on Friday.

The final text of the agreement reached by the G20 at the two-day summit being held in Pittsburgh is good from the perspective of the European Union, the source said.

The G20 final text also includes an agreement on rebalancing the global economy, with a strong emphasis on fiscal responsibility and structural reforms, the source said.


Read more: http://www.reuters.com/article/GCA-G20Pittsburgh/idUSTRE58O4NI20090925

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Higher capital requirements? WOW that will teach them!!!!!!!!!!

Get ready to have your interest rates on your CC cards raised again. THE BANKSTERS NEED MORE MONEY!

Say no one in the company can get more than 100 times the lowest salary. so if the lowest salary is 22,000 the most the CEO can get paid is $2,200,000, which is a lot, but I don't think one person is worth more than 100 times another person. Oh yeah, this should include any bonuses or stack options as well.