Liberal Democrat MEP Sharon Bowles, who chairs the European Parliament’s Economic and Monetary Affairs Committee, commented: Continue reading
Sharon Bowles MEP, Chair of the European Parliament’s Economic and Monetary Affairs Committee, today welcomed the vote in favour of the Capital Requirements Directive and Regulation, which implements Basel III – the international accord which sets global standards for banks – into EU law.
While in recent weeks the hotly politicised subject of capping bankers’ bonuses has dominated the headlines this measure is in fact part of a much larger raft of legislation which will increase banks’ resilience to future financial crises by requiring them to have higher capital buffers to absorb losses and hold more easy-to-sell liquid assets. In addition, the regulation and directive introduce various other measures to strengthen corporate governance and transparency, and encourage growth and lending to the real economy in the EU.
Sharon Bowles MEP said: Continue reading
Senior UK Liberal Democrat MEP Sharon Bowles has called for a Parliamentary Committee of Inquiry should the European Parliament’s Economic and Monetary Affairs Committee (ECON) Hearing on 25 April not answer the many questions hanging over the Cyprus affair.
Sharon Bowles, who chairs the influential ECON Committee 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