UK's Darling says some bankers 'need to be brought back to earth' -- The Independent
First Published Saturday, 11 July 2009 from Need to Know News
UK Treasurer Alistair Darling said that some bankers 'need to be brought back to earth' over bonuses.
In an interview with London's daily 'The Independent,' Darling said there were signs of the old bonus culture creeping back into the City and promised tougher regulatory measures to prevent future booms turning into bubbles.
The UK's chief regulator, the Financial Services Authority (FSA) could also be ordered to take a more proactive approach to prevent a return to bonuses as a reward for short-term profits, Darling said in an interview published in today's edition of London daily newspaper 'The Independent.'
The UK Treasury will unveil its 'White Paper' on banking supervisory reforms next week.
Click here to read the full interview.
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