No turning back to boom & bust banking: a new banking settlement for the 21st century

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Compass has published a report on banking with the above title. It’s proposals are:

Policy 1: Making the bankers’ bonus windfall tax permanent
Policy 2: Extending the scope of the banker’s bonus windfall tax
Policy 3: Remuneration caps
Policy 4: Financial transactions tax
Policy 5: Separation of retail and investment banks
Policy 6: High Pay Commission

All of which make sense, although I prefer broader taxes on high pay as a means of addressing bonuses than one addressed just at banking.

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