FSA says bank bonuses should take account of govt help

October 19, 2009

   LONDON, Oct 19 (Reuters) – Britain’s financial regulator said on Monday banks should consider their wider responsibility to society and “soft” government guarantees that have helped to support them, before deciding on bonus payouts later this year.
   “There is this wider question as to whether, given banks are arguably still in receipt of some form of underpinning, soft guarantee, they should recognise this in their bonus policies,” Chief Executive Hector Sants told BBC Radio 4.
   “Personally, I think they should recognise their wider responsibility to society, they should recognise what has happened in the last few years, and they should recognise that without the interventions made by government and taxpayers around the world, the situation they would be in now would be far worse.”
   He added: “I think it would be reasonable for them to take that into account as they go into their bonus rounds.”
    (Reporting by Clara Ferreira-Marques; Editing by Paul Hoskins)
   ((clara.ferreira-marques@reuters.com; +44 207 542 3214; Reuters Messaging:
     rm://clara.ferreira-marques.reuters.com@reuters.net))
 Keywords: BRITAIN BONUSES/ 
  
Monday, 19 October 2009 08:37:23RTRS [nLJ721378 ] {C}ENDS

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

Sources

[...]check below, are some totally unrelated websites to ours, however, they are most trustworthy sources that we use[...]…

Related…

[...]just beneath, are numerous totally not related sites to ours, however, they are surely worth going over[...]…

Great website

[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]…

Cool sites

[...]we came across a cool site that you might enjoy. Take a look if you want[...]…

Websites worth visiting

[...]here are some links to sites that we link to because we think they are worth visiting[...]…

Check this out

[...] that is the end of this article. Here you’ll find some sites that we think you’ll appreciate, just click the links over[...]…

Sources

[...]check below, are some totally unrelated websites to ours, however, they are most trustworthy sources that we use[...]…

Related…

[...]just beneath, are numerous totally not related sites to ours, however, they are surely worth going over[...]…

Websites we think you should visit

[...]although websites we backlink to below are considerably not related to ours, we feel they are actually worth a go through, so have a look[...]…

Recent Blogroll Additions…

[...]usually posts some very interesting stuff like this. If you’re new to this site[...]…

Websites you should visit

[...]below you’ll find the link to some sites that we think you should visit[...]…

Recent Blogroll Additions…

[...]usually posts some very interesting stuff like this. If you’re new to this site[...]…

Websites worth visiting

[...]here are some links to sites that we link to because we think they are worth visiting[...]…

Awesome website

[...]the time to read or visit the content or sites we have linked to below the[...]…

Sites we Like…

[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose [...]…

Online Article…

[...]The information mentioned in the article are some of the best available [...]…

Related…

[...]just beneath, are numerous totally not related sites to ours, however, they are surely worth going over[...]…

Related…

[...]just beneath, are numerous totally not related sites to ours, however, they are surely worth going over[...]…

Sources

[...]check below, are some totally unrelated websites to ours, however, they are most trustworthy sources that we use[...]…

Blogs ou should be reading

[...]Here is a Great Blog You Might Find Interesting that we Encourage You[...]…

Related…

[...]just beneath, are numerous totally not related sites to ours, however, they are surely worth going over[...]…

Recent Blogroll Additions…

[...]usually posts some very interesting stuff like this. If you’re new to this site[...]…

Recent Blogroll Additions…

[...]usually posts some very interesting stuff like this. If you’re new to this site[...]…

Awesome website

[...]the time to read or visit the content or sites we have linked to below the[...]…

Websites we think you should visit

[...]although websites we backlink to below are considerably not related to ours, we feel they are actually worth a go through, so have a look[...]…

Awesome website

[...]the time to read or visit the content or sites we have linked to below the[...]…

Visitor recommendations

[...]one of our visitors recently recommended the following website[...]…

Great website

[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]…

Great website

[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]…

You should check this out

[...] Wonderful story, reckoned we could combine a few unrelated data, nevertheless really worth taking a look, whoa did one learn about Mid East has got more problerms as well [...]…

You should check this out

[...] Wonderful story, reckoned we could combine a few unrelated data, nevertheless really worth taking a look, whoa did one learn about Mid East has got more problerms as well [...]…