Lord Myners’ call for transparency over top earners in Banks is entirely reasonable

Lord Paul Myners, the Financial Services Secretary to the Treasury, has told the BBC that there should be a requirement to list the names and earnings of the most highly remunerated bank employees below Board level.  This has provoked the predictable squeals of anguish from the British Bankers Association and the like.

However, given the pivotal nature of the banks in our economy, it is difficult to see what reasonable grounds there are for them to resist this extra transparency.

I am reminded that the collective noun for bankers is a “wunch”.

As in: a wunch of bankers.

….. Oh forget it.

One thought on “Lord Myners’ call for transparency over top earners in Banks is entirely reasonable”

  1. In view of the role of their pay structures in the dysfunctional operations of the past few years it does seem reasonable, Toby.

    BUT be it noted that it is an intrusion and minor abrogation of their civil right of privacy.

    Just so that those who bang on about cctv cameras and so forth screeching about their civil liberties are clear that our rights are not a monolithic holy grail to be placed above lives, or welfare even.

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