Phi Wire Hand Picked Politics - Live

  • Paul Goodman | The Greens should be included in the TV election debates

    • source icon
    • 12:30
  • Trevor Timm | Does the CIA want Republicans to win the midterms?

    • source icon
    • 12:00
  • LabourList | Katy Clark will run for Scotish Labour deputy leader

    • source icon
    • 11:42
  • LabourList | “We didn’t listen” – Jim Murphy launches campaign with apologyto the Scottish pe...

    • source icon
    • 10:13
  • Mark Ferguson | Why Miliband’s plans to scrap the Lords should be welcomed

    • source icon
    • 09:33
  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

Press Release

Press Releases

Andrew Tyrie: A crude bonus cap does nothing to incentivise higher standards

Commenting on the EU bonus cap and the new pay schemes announced today by HSBC, the Chairman of the Treasury Committee, Andrew Tyrie MP, said:

"A crude bonus cap does nothing to incentivise higher standards. What we need is a fundamental reform of the bonus culture - including much longer deferral and much greater scope for clawback, as the Banking Commission proposed.

"Rewards need to be much better matched to the maturity of the risk. People should receive rewards only when it is clear that they have been earned.

"Higher salary and lower bonuses take bank remuneration in the opposite direction.

"In evidence to the Treasury Committee, Andrew Bailey recently warned that the bonus cap, and schemes put in place in response to it, would make his job of promoting the safety and soundness of banks more difficult. It looks like he is right."