Cable Forum - View Single Post - Liz Truss Resigns [Who'll be the next Prime Minister?]

**Damien** · 03-10-2022, 21:37

Bonus or not the banks will find ways to reward the traders who make money for them. You have to regulate the market itself to avoid what happened in 2008. The cap on bonuses was always a populist measure rather than one that genuinely was implemented to stop another crash. I don't think it's smart politics to get rid of it now nor one that'll make much difference to the economy but I don't care that much.

We need to keep an eye on them revoking regulation that is important but more technical. It would be worse if they kept the banker bonuses pretending that's helping whilst revoking liquidity regulations on the banks themselves for example.

03-10-2022, 21:37	#705
Damien Remoaner Cable Forum Team Join Date: Mar 2004 Posts: 32,773	Re: New Prime Minister: Liz Truss Bonus or not the banks will find ways to reward the traders who make money for them. You have to regulate the market itself to avoid what happened in 2008. The cap on bonuses was always a populist measure rather than one that genuinely was implemented to stop another crash. I don't think it's smart politics to get rid of it now nor one that'll make much difference to the economy but I don't care that much. We need to keep an eye on them revoking regulation that is important but more technical. It would be worse if they kept the banker bonuses pretending that's helping whilst revoking liquidity regulations on the banks themselves for example.