Wednesday, September 25, 2013

216. Ministro das Finanças a defender os banqueiros

Benfiquistas CARTESIANOS  Juizes no Tribunal Europeu


O Partido Tory no Governo Britânico a mostrar a verdadeira cor: azul.

Meteram a Europa no Tribunal por terem votado uma lei de regularização dos bónus distribuídos aos banqueiros.

A Lei foi votada pelos países todos e os Ingleses não aceitaram o resultado da votação.  É assim que funciona a democracia no Partido Conservador do Reino Unido, não aceitam o resultado das votações Europeias.

Mais valia  que se ocupassem de resolver o problema da evasão fiscal das grandes empresas, as quais descapitalizam o Estado, e põe-nos de joelhos a pedir empréstimos.  Vamos ver o que vai acontecer quando os juros da dívida soberana começarem a subir como aconteceu em alguns países Europeus.

Decididamente, mas o Governo Britânico não tem mais que fazer do ocupar o tempo na defesa do grande capital e dos banqueiros milionários?  Ou já estão preparando o futuro em funções de  fat cats da Banca, quando forem sacudidos do governo em 2015?  It sucks!

A razão do Reino Unido estar na União Europeia é apenas para controlar os mercados de capitais dentro da União a partir da City. Querem piratar os capitais como piratavam os gauliões espanhóis de regresso a Espanham carregados de oiro. Só que o oiro também já tinha sido mais ou menos gamado aos Índios.  Aquilo era ladrão a roubar a ladrão.

Mas se o David pensa que é o Francis Drake, ele deve de andar a sonhar com ladrões, porque os Europeus não são os ìndios nem os Espanhóis conquistadores. Não são os Tories do Governo Cameron que irão agora ensinar a vovó Babuska a partir nozes! Lol ! 

Antes de os Tories Ingleses darem um passo, os Europeus do continente já chegaram à meta e estão lá esperando pelos velhotes Tories com a língua de fora. Tanto os Europeus do continente como os das Ilhitas Britânicas tiraram os mesmos cursos PPE> Pirataria e Pilhagem Económica) nas mesmas escolas.

A Europa à moda do Partido Tory seria uma Europa cherry picking, escolher só do que se gosta. As regras Europeias não funcionam assim. As regras  do jogo são estabelecidas em Bruxelas pelos representantes de todos os Partidos da União. E não dependem dos interesses dos milionários do Partido Conservador Britânico, o qual não ganhou as últimas eleições, mas deram-lhe o poder no Reino Unido, por acidente, devido ao Partido Trabalhista  ter screwed up, devido o poder lhes ter subido à caçhamola. 

É o problema de qualquer partido quando está há muito tempo no poder, degenera. Só que o Partido Conservador Britânino revela patologias  por natureza e já tinha degenerado antes de aceder ao poder. Só ganhará as próximas eleições se acontecer algum milagre, quer dizer,  algum golpe mestre de magia abaixo do umbigo.  

Deus vos guarde aí no Reino Unido.



UK Treasury in legal challenge to EU bonus cap

sterling cash notes Big bonuses have been seen by some as driving a risk-taking culture

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The UK Treasury has launched a legal challenge against European Union (EU) plans to cap bankers' bonuses.
It would limit the bonus to no more than a banker's salary, although if shareholders agree it could be higher.
The bonus culture has been blamed for encouraging excessive risk-taking among bankers.
The EU commissioner for internal markets Michel Barnier said he was not surprised by the move as the UK was the only member to vote against the plan.
Its objections were outvoted by fellow EU members earlier this year.
The cap is designed to come into effect on bonuses awarded from 2014.
It will apply in all the 28 countries within the EU but also to EU banks operating overseas.
The UK has the biggest financial sector in the European Union and would therefore be the most affected by the cap.
Rising pay
The government worries that a cap will simply push up the level of fixed pay to compensate for lower bonuses.
It has a list of six reasons why it believes the cap will not work:
  • It is unfit for purpose, and was introduced without any impact assessment
  • It unlawfully delegates to the European Banking Authority (EBA) because it concerns policy and is not simply a technical matter
  • It is legally invalid because it contravenes the legal base of regulation that expressly excludes legislation "affecting the rights and interests of employed persons"
  • It is being rushed into effect without the necessary legislation in place - including rules determining to whom the cap will apply
  • It fails to protect personal data
  • It wrongfully applies outside the European Economic Area
The Treasury said the EU's bonus cap was likely to "act counter to the stated objectives of the legislation, which are to ensure banks are safer, more stable, and prudentially sound."

“
Start Quote

In defending the interests of the City, the chancellor finds himself defending the very large rewards of bankers”
It added that it could end up saddling banks with higher salary bills by making it harder to reduce pay rates when profits were falling: "The UK has repeatedly raised concerns that the provisions are likely to lead to increases in fixed pay, which is harder to cut in times of stress, and more difficult to claw back and there is no evidence this will improve financial stability."
Labour's shadow chancellor, Ed Balls, said the issue was a long way down his list of priorities. He said: "It tells you everything about [Prime Minister] David Cameron's government.
"While we, Labour, are saying 'let's get energy prices down for families... let's get people back to work he sends his chancellor to Brussels to stand up for bankers and bankers' bonuses."
Legal flurry
The Treasury aims to challenge the rules in the European Court of Justice (ECJ).
Such cases normally take between 18 months to two years to be heard.
The UK has launched a flurry of legal actions against EU rules recently.
Last week a top adviser to the ECJ backed a UK move against bans on short-selling of shares. Short-selling is when an investor agrees to sell a share he doesn't own, in the hope that its price will fall before he has to buy it to fulfil the order. In other words, it is a bet on a falling share price.
The UK is also challenging a plan to tax financial transactions in some EU states and another plan that would require clearing houses that deal with large amounts of euro-denominated assets to be based within the single currency area.

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215. ICAP coima ($87 milhões) por trafulhice no LIbor.

Benfiquista regulator

Estes fulanos, cuja profissão dá pelo nome de brokers -- corretores de bolsa em português até nós verificarmos o termo (verificámos agora no Carolina Michaelis on line. Está certo)-- maipulavam o Libor para os juros serem caríssimos para si quando pedia um empréstimo.

O Libor é o juro que os bancos se pagam uns aos outros quando emprestam dinheiro de banco a banco. Então eles mentiam, diziam que o juro era mais elevado do que realmente fixaram, e depois quando você pedia dinheiro emprestado a eles, o seu juro disparava e saía pelo telhado fora. Você pagava o artigo que comprava bem pago e repago caso tivesse de recorrer aos bancos.

Já está  a ver como os tipos caçavam o caroço ao povo para depois distribuirem aos milhões em bónus  entre eles. 

E o moral da história é que os banqueiros ainda continuam a sacar os lucros dos bancos aos milhões, quando todos sabemos que muitos deles faliram e vivem à custa do erário público! Acaba por ser o contribuinte a pagar para essa malandragem de fat cats. 

Ainda mais, são os regulators (fiscais da bolsa) americanos e não ingleses que estão a espetar com multas em  milhões de US dollars em cima dos bancos ingleses!  Leia o artigo e verá os milhões que os bancos pagaram em multas.

Segundo o artigo, os brokers da ICAP em questão estão tramados e vão fazer contas aos dias que vão passar à sombrinha por detrás das grades.

Agora vamos publicar um excerto de apenas algumas linhas só para si. Não entre em pânico porque isto é apenas especulação. E se acontecer, a Europa vai meter mão nisso and will sort them out.

É a única maneira de os fazer amar a Europa se não quiserem juntar-se  ao mercado comum da Russia com o Putin como presidente of the Bank of England. Lol! Lol!

Diz este artigo do Money Week que a dívida soberana Inglesa é mais funda do que o fundo do Canal da Mancha. Nós não conhecemos a fundura do Canal e também conhecemos a profundidade do saber financeiro e económico destes amigos do Money Week. Por isso não sabemos que crédito atribuir às afirmações apocalípticas deles.

A razão deles se lançarem neste cenário de catástrofe é porque que eles são consultores em investimento, e querem que você confie neles os seus milhões. Nós aqui em Nampula não temos preocupações dessas. Inchahla.


"How Britain collapses from within

So what happens to Britain when interest rates rise? What shape will the crisis take? And what does all this mean for you, and your family?Northern-Rock.jpg
  • The first “flashpoint” will be the banking system. We’ve already seen this across Europe. 

  • This is because banks hold huge amounts of government debt. When interest rates rise, the value of government debt (bonds) falls.  Even a small jump in interest rates would wipe billions of capital off banks’ balance sheets. 

  • It’s impossible to say exactly which high street banks – if any – could withstand that kind of hit.
Imagine standing outside your bank, not knowing whether you’ll be able to withdraw your savings.(Image © Bloomberg).

As news of the banks’ problems hits the press, and rumours of a new round of bhouse-boarded-up.jpgailouts spread, the public will catch on to what’s happening.  We are likely to see a run on the banks. Picture the scenes we saw at Northern Rock, as people rushed to get their savings back, but ten times worse. That’s because this time round, the government simply won’t have the money to bail the banks out again.

But the crisis will not be confined to the financial sector.
The disturbing reality is that a tiny increase in the interest rates could force tens of thousands of people to miss payments and default on their mortgages.(Image © Bloomberg)

The next domino to fall will be the housing market. Most mortgages are linked to interest rates. As interest rates shoot upwards, millions of people will be pushed “underwater” by a combination of falling housing values and rising mortgage paym
ents."


ICAP Libor fine of $87m by UK and US regulators

A view of the City of London US and UK regulators are continuing to investigate the rate-rigging scandal
The UK broker ICAP has been fined $87m (£54m) for its part in the long-running Libor rate-fixing scandal.
In addition, three of its traders were charged with several counts of wire fraud in a federal New York court.
They face a maximum penalty of 30 years in prison for each count if convicted.
Libor rates are used to set trillions of dollars of financial contracts, including many car loans and mortgages, as well as complex financial transactions around the world.
Regulators have been investigating manipulation of Libor inter-bank lending rates since 2012 in the wake of Barclays' £290m ($454m) fine by US and UK authorities. A string of international banks have been implicated in the affair, and several criminal charges have been brought against traders.
'Inexcusable'
In a statement, Michael Spencer, group chief executive officer at ICAP said: "We deeply regret and strongly condemn the inexcusable actions of the brokers who sought to assist certain bank traders in their efforts to manipulate YEN Libor. Their conduct contravenes all that ICAP stands for."
Mr Spencer added that none of the three individuals remained with the firm, and others who may have been involved were no longer at the company.
In February 2013, Royal Bank of Scotland (RBS) was fined £390m ($610m) by UK and US regulators for its part in the Libor scandal.
The UK's Financial Services Authority fined RBS £87.5m, while about £300m was paid to US regulators and the US Department of Justice.
In July this year, the British Bankers' Association (BBA), which collates and publishes Libor - the London Interbank Offered Rate - changed how the rate is set, as a precaution against any repeated scandal.
The BBA said publication of banks' individual submissions would be embargoed for three months to avoid "manipulation".


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