Speaking after a public hearing in the European Parliament in Brussels, senior Lib Dem MEP Edward McMillan-Scott, co-chair of the cross-party, pro-European, pro-democracy Single Seat campaign, commented: Continue reading
New rules on bonuses, incorporated in the updated Capital Requirements Directive (CRD), include:
- A salary / bonus ratio of 1:1 which can be raised to 1:2 with a shareholder vote of 65% if there is a 50% quorum or 75% vote if no quorum applied.
- Up to 25% of the bonus can be paid in long-term instruments (deferred for five years) linked to the capital, and therefore stability, of the bank.* Continue reading
“This was an historic agreement to establish first steps for a Banking Union which will see the ECB take over supervision of systemic banks, or those receiving state aid, and revise the voting arrangements of the European Banking Authority. Continue reading
Liberal Democrat MEPs today supported the size of the EU’s multi-annual financial framework deal reached by Member States last month. They also supported moves to renegotiate the shape of the budget to make it more flexible and focused on areas that will bring jobs and growth to the UK, such as investments in R&D, innovation and infrastructure.
Commenting after the votes, Lib Dem European budget spokesperson George Lyon MEP, said:
“At a time when people all over Europe have to tighten their belts we need to ensure that the EU is working to create jobs and build the stronger economy that we need. Our priority needs to be supporting projects that have real economic benefits in the UK and across the continent, not signing off on massive increases in administration budgets. Continue reading
Liberal Democrat Chris Davies helped negotiate the EU Cosmetics Directive a decade ago and has welcomed the arrival of its final provisions into law.
He says it cannot be acceptable to cause animals to suffer in order to develop products intended to flatter human vanity.
And he wants the cosmetics testing ban to be a first step towards ending all tests on animals. Continue reading
Today the European Court of Justice (ECJ) ruled in Case C-237/11 (Joined Cases C-237/11, C-238/11), France v European Parliament against MEPs’ decision to merge two Strasbourg plenary sessions into one week in October.
Senior Liberal Democrat MEP Edward McMillan-Scott, European Parliament Vice President and co-founder of the cross-party Single Seat campaign commented: Continue reading
On the eve of a major seminar [Strasbourg, 24 October 1330 - 1530] on the European Parliament’s controversial monthly trek from its home in Brussels to its official ‘seat’ in Strasbourg, MEPs have voted overwhelmingly to invoke their new powers under the Lisbon Treaty to propose treaty changes.
By 615 – 64, MEPs voted for a change in the treaty to allow for a Single Seat and in a series of budget votes with similar majorities pointed out that the economic and environmental savings of such a move.
The cross-party Single Seat campaign, led by two parliament Vice-Presidents, Edward McMillan-Scott (UK, Liberal Democrat) and Alexander Alvaro (Germany, FDP) has figures showing the additional costs at some €180m per year and 19,000 tonnes of CO2. They also asked governments to address the issue in the current negotiations on the EU’s Multi-Annual Financial Framework 2014 – 2020. Mr McMillan-Scott said: Continue reading
MEPs in the Legal Affairs Committee today voted in favour of tough amendments to European Commission’s proposals requiring oil, mining and logging companies to disclose payments to governments of countries in which they operate on a project by project basis. MEPs also succeeded in extending the scope of the legislation to cover the banking, construction and telecommunications sector. Continue reading
Tory peer and donor Lord Ashcroft, chairman of Crimestoppers, has been warned that his charity’s new campaign to catch the UK’s most serious criminals hiding abroad will be doomed if the UK pulls out of essential European police cooperation measures as demanded by 102 backbench Tory MPs.
Under the new project ‘Operation Zygos’, Crimestoppers is appealing for information from Cypriots and the expat community on the whereabouts of nine individuals wanted under UK-issued European Arrest Warrants for serious crimes committed in the UK, including rape, child sex assault, drug dealing and serious fraud.
However, the success of the campaign is at risk from 102 Conservative MPs who have called on the UK Government to withdraw from European police cooperation measures despite senior former UK police and security chiefs pleading with David Cameron and Nick Clegg that the UK should stay involved in measures like the Euro-warrant.
Commenting, senior Liberal Democrat MEP, Sarah Ludford, the party’s European Justice and Home Affairs spokeswoman, said: Continue reading
Five years from the European Parliament’s report into alleged European collusion with CIA ‘extraordinary rendition’ (kidnap and secret illegal detention) developed as part of Bush “war on terror”, the Civil Liberties committee voted today on an update report. This addresses the extent to which Member States, Council and Commission have complied with their obligations to carry out full inquiries to ascertain and secure accountability for complicity in human rights abuses
UK Liberal Democrat justice and home affairs spokesperson and the author of the opinion on behalf of the Foreign Affairs committee Sarah Ludford commented: “There has been little progress in national inquiries into rendition allegations and those that have taken place have been far from full and independent. While investigations may only be capable of completion once the US fully cooperates in disclosing information on rendition practices, Member States must not invoke spurious claims of ‘state secrecy’ to keep transgressions hidden. Continue reading