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PPI Claim News - 16/11/2009

 
Bank Claim: Government set to curb banker bonuses

This week's Queen's Speech will outline new powers for the Financial Services Authority (FSA), enabling it to tear up bankers' contracts if they are receiving bonuses which encourage risky behaviour.

Ministers hope that the new rules will help prevent the kind of reckless behaviour in the city which helped trigger the global financial crisis.

Government financial services secretary Lord Myners said: "We cannot accept the situation in the future where the incentives system in banks was leading them to do reckless things.

"So we have to take this action to make the banking system more accountable, more secure and ensure that it never again has to call on the taxpayer to bail it out."

Last month, the Centre for Economics and Business Research (CEBR) said bank bonuses are on the increase and are set to continue rising next year.

For help making a PPI Claim, Loan claim, PPI reclaim, or a credit card charges claim then call Belmont on 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim form, Loan Claim form, PPI reclaim form or credit card charges from.ADNFCR-2776-ID-19461655-ADNFCR



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