- Category: News
- Created on Wednesday, 01 February 2012 19:14
- Written by Amsterdam Herald
De Jager told Parliament that banks needed to be aware of their social responsibilities, but would not support a proposed law by opposition parties to make bonuses illegal.
Members are due to debate a law on Monday which would prevent directors of state-funded banks claiming bonuses.
There is widespread support among Dutch parliamentarians for the feeling that excessive rewards in the financial sector need to be curbed.
However, a majority of politicians believe a blanket ban is too severe and fear that it could push basic salaries up as bankers seek ways around the law.
De Jager said he would consider backing a motion by the Christian Democrat (CDA) group in the coalition government urging bankers to moderate their payouts on moral grounds.