Local time on 15 September, from the Group of 20 (G20) led by the financial stability Board (FSB), on January 24 to 25 February to the United States the Pittsburgh G20 Summit, the Commission will publish guidelines for financial institutions pay details concerning financial institutions should how to design salary structure, disclosure of salary level and recovering improper bonus, and requirements for effective and independent monitoring. According to the guidelines, the capital of the lower bank will be issued to employees of large amount of prize money.
Recently, France President Sarkozy, Merkel call for Germany to financial institutions, the actual bonus level restrictions, so that in the financial industry still relies on the occasion of the mass public financial assistance's wrath subsided. Merkel pledges during the G20 Summit, will promote the implementation of the "clear restrictions" to prevent the bankers again become economic burden.
FSB Chairman Dragisa that market is to restore normal, now it's time to rebuild the capital. He hinted, "we will in total prize money and the overall performance of the company established an association so that those undercapitalised Bank almost no space to release huge operation. ”
But de la JI at the same time that gradually introducing new, higher capital requirements need to be more careful, banks may stop lending, particularly for small business loans.
In addition, the G20 Summit will discussions on International Monetary Fund (IMF) and World Bank management reforms in order to make China, Brazil and India and other developing countries have a greater say.
The "BRIC" (Brazil, Russia, India and China), IMF and the World Bank proposal this month respectively transfer of 7% and 6% of shares and share ownership to ensure that both developed and developing countries have equal voting rights, this emerging market and developing countries in the two institutions in occupies a total share in world GDP share broadly balanced.
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