Source:
ReutersPITTSBURGH (Reuters) - The Group of 20 nations reached a final agreement on regulating banker bonuses that calls on countries' regulators to apply corrective measures, such as higher capital requirements, on non-complying institutions, a European G20 source said on Friday.
The final text of the agreement reached by the G20 at the two-day summit being held in Pittsburgh is good from the perspective of the European Union, the source said.
The G20 final text also includes an agreement on rebalancing the global economy, with a strong emphasis on fiscal responsibility and structural reforms, the source said.
Read more:
http://www.reuters.com/article/GCA-G20Pittsburgh/idUSTRE58O4NI20090925
Higher capital requirements? WOW that will teach them!!!!!!!!!!
Get ready to have your interest rates on your CC cards raised again. THE BANKSTERS NEED MORE MONEY!