BoE Governor Mark Carney thinks a U.S. idea of paying bankers partly in bonds could apply to banker base salaries. It's logical - if tricky to implement, says Breakingviews.
Plus a hefty fines for the banks last week Bank of England governor mark Connie is now talking about our south putting limits on. Fixed paddy and the sun appears to be something very new SP would dominant Elliott's breaking views about his time. It's the first time we've had this supposed Thomas had someone take and directive fixed yes presents you with lots of noise or. Bankers' bonuses that's been the targets and that's crystal headlines sent me in this country united bank has by this is while. The financial system crumbles look sort of stuff so I fixed phase in your area and what we see today is Connie say will neck. Sunny in Europe we've got a situation where the EU wants to count bonuses. And Bank of England's and with more not economists by giving them hats on. Has has found that this is not great this idea of capping bonuses because they reckon it's going to keep. Overall I was quite high you can push yet a percent resolved to be hard to cop I have ruled by force could spend this is a more flexible. And also be called it's called black along with uptight which some of the idea of keeping bank has more accountable. So so and so. Putting fix Penn SI see you called this a logical step but you do raise concerns about implementing this and how I mean how how would they implement some of this will. Let's deal with them woman once a vessel that lets just deal with a logical side I think it's logical because yes if the EU Brian his count keep salaries. Hi irons makes it harder to come out paying. The only way to cop rival primal me for is to look at the fix element and it's the fix on him and him a minute just because this wouldn't be. Chlorine plaque fixed payment it will. You might be obstinate but it's not. Docile the way it sort of being spoken about here explicitly. Because we have it with a bonus you can. Call back some bits of it if you sang with a five you won't get any of it for three years old and in two year's time something is wrong and sound you heard any of its. With fixed I of course you have to pay a certain amount of the moments like this whooping doctor coop home. From a ball it's not how you were jet fuel payments now that might be a way to. Tom knock people off for the might be a way to restricts the payment from the people possibly. What we're really singing about it was a more nuclear option or do you get it for the people. Or you don't get anything at all because the farm implies the buying components are not formed his failed to dot the idea I. And and the other question just to finish with this is I mean if we were to see something like this coming in the UK or in Europe but not the US. Com. Very I'm level playing field and put it does complicate everything. The Bank of England's news we want to try and make. All systems for pay. What can a way to. Is sensible. And maybe that's sort of thinking well if we can Alatas was with the US than. To be honest. We figure it's gonna roll anyway so maybe we don't cat too much about that you. You lost that our point earners is gonna come to an old how tricky this is to implement. Well I think with the difficulty is that it's some of that labels signed new phones for example I'm Summers Europe are quite tough for fixed right now. Maybe this is an elegant solution because you get you'll pay and that's the fun. Guys completely belly now and I made outs away around and you can get people to sign the contract I don't know I mean I think I'm trying to speak to some. And employment laws about it's I'm I think there might still be some sticking points that. It's an interesting idea it sounds like Tony reckons it can work in the UK and would probably away the awaits an aligned incentives Spezza. OK very good don't have many things that Dominique Kelley can read they're going to musicals on the brink beside. By the US has atrocities the 1730 GMT and X approval this is what this.