"We find a way to reduce the premiums of the Bank," warns Business Secretary Vince Cable
Speaking of the Russia, where he is on a trade mission, said Vince Cable Daily Telegraph: "There are other ways of skinning a fatcat" photo: Paul Grover
The Secretary of the company said there are "means to deal with the premium" than legislation.
Speaking of the Russia, where he is on a trade mission, said Mr. Cable Daily Telegraph: "There are other ways of skinning in cat - or skinning a fatcat in this case."
Denying the suggestions of a gap between him and George Osborne, who said all pay rules must be international, Mr. Cable said: "the best approach is to obtain a multilateral agreement for Europe and abroad, who is running the Chancellor to."
The Secretary of the company, stated that examination of the rules of corporate governance could integrate measurements that require investors require more transparency on methods of remuneration banque.Arguant that shareholders should exercise discipline on banks", Mr. Cable has warned:"And in two cases - the Royal Bank of Scotland and Lloyds Banking Group, the principal shareholder of the Bank is the Government".
Separately, it appeared that Sir John Vickers, Chairman of the independent Commission on banks (ICB), wrote a book in 2008 saying that the merger of the HBOS and Lloyds TSB at the height of the banking crisis has been an erreur.La last week, Claire Spottiswoode, another Member of the Commission, said the ICB may recommend that the transaction has been reversed.
The document, which was published on Friday, raises serious questions about the impartiality of the ICB, who repeatedly insisted that he approached its task to decide whether to break the "free spirits" banks
The CBI said that he had received over 1,200 pages of evidence from individuals and organizations in its process of gathering information .the Committee added than large banks all British bankers will be interviewed private during the month next in the investigation.
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