Finance minister warns bankers again

The banking sector is beginning to revert to its old patterns of behaviour by paying huge bonuses and taking unnecessary risks, finance minister Wouter Bos told tv show RTLZ in his weekly interview on Tuesday.

‘Everywhere we see signs of old forms of behaviour emerging – bonuses, transactions and risks that we do not want,’ the minister said. ‘It has to be stopped.’
Bos referred to new moves by French president Nicolas Sarkozy and German chancellor Angela Merkel. They plan to press other Group of 20 leaders to limit the size of banks, regulate bonuses and tighten capital requirements at this weekend’s preparatory meeting in London.
Threats that banks will leave the Netherlands if it gets tough will not come true if everyone takes the same approach, Bos told RTLZ.
He is due to discuss the plans at a lunch with other EU ministers in Brussels today, the Volkskrant reports.

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