Everything has a price, especially things that don’t cost anything.
Art van Rheyn You have activated an ad blocker. That’s why our site is currently unavailable for you.
Advertisements are an important source of income for news sites like WirtschaftsWoche Online. We can use the advertising revenue to pay for the work of our editorial team and publish quality articles free of charge.
Unfortunately, you are denying us this income. If you value our offer, please turn off the ad blocker.
Thank you for your understanding,
Your Wiwo editorial team
Related
See also Manufacturers lose over 5 thousand euros for each electric car sold
Auto u0026 e-MobilityAutomotive industrycar technologyChina CircleCorporate managementefellowGeiseninterviewKälleniusMathiasmercedes-benzNVIDIAolaProduct policyrestructuringsustainabilitytechnologyusa
Allegations of share embezzlement: Committee of Inquiry against Green Delta Securities
– 2024-04-26 18:23:18
An allegation has been made against the brokerage house Green Delta Securities Limited (Trek No-59), a member of Punjibazar, of misappropriating the funds and shares of a woman investor. Bangladesh Securities and Exchange Commission (BSEC), the capital market’s regulatory body, has formed a three-member investigation committee to look into the matter in view of the complaint of the woman investor. The commission has instructed the committee to complete the investigation and submit the report. An inquiry committee has been constituted in this regard in an order issued by BSEC recently.
However, the claims of the brokerage house Green Delta Securities Limited, the allegations being made against their company, are baseless. The real facts will come out after the BSEC investigation.
The members of the investigation committee are – Assistant Director of BSEC. Maruf Hasan, Dhaka Stock Exchange (DSE) Manager Debashish Roy and Central Depository Bangladesh Limited (CDBL) Senior Assistant General Manager Monirul Islam.
The BSEC order stated, Bangladesh Securities and Exchange Commission feels that it is necessary to investigate the embezzlement of funds and shares of Sultana Yasmin (BO account-1203620053045920) maintained in Green Delta Securities Limited in the larger interest of the capital market and general investors. It was ordered to conduct this investigation subject to the fulfillment of four conditions. The conditions are—to find out the details of the BO account number, to find out the amount of embezzlement of funds and shares from the said BO account, to find out the persons responsible for the embezzlement of the said BO account and to find out other relevant information about the embezzlement of funds and shares.
In this situation, an investigation committee consisting of three officials was constituted under the powers provided by Section 21 of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969) and Section 17A of the Bangladesh Securities and Exchange Commission Act, 1993. The committee will conduct the inquiry process on whether the mentioned matters including other matters have been properly followed or not. The members of the committee will complete the investigation within 60 days from the date of issuance of this order. Besides, submit the related report to the commission.
When asked about this, the Managing Director and Chief Executive Officer (CEO) of Green Delta Securities Limited told RisingBD that one such complaint has also come to us. In view of this we are in touch with BSEC. They said since the investor has complained, the matter will be looked into. We have spoken to the concerned investor. Did not get any satisfactory information from him. But, we don’t seem to have a process gap. The commission informed that an inquiry committee will be formed in this regard. However, I have not received the letter in this regard yet.
Bankers in Belgium: 26 Earned Over 1 Million Euros in 2022
Banks
In 2022, 26 Belgian bankers earned more than 1 million euros. That is five more than the previous year.
The number of high earners in the European banking sector increased by 19.7 percent in 2022. 2,342 bankers had an annual income of more than 1 million euros. This is evident from the mandatory annual record by the European Banking Authority (EBA). This is the first time that more than two thousand high earners in banking have been counted. For comparison: in 2012 there were 816.
In Belgium, the number of high earners is relatively low. There were 26, with 17 at banks and 9 at investment institutions. One Belgian investment banker has earned 4,209,074 euros, the figures show. For comparison: in the Netherlands there were 189 high earners, in Denmark 52, and in Austria 49. Germany takes the cake with 653 high earners. The highest paid German banker earned 11,027,691 euros. In France, one employee of an investment institution earned 30,708,152 euros. The UK banking sector is not included in the figures.
The big earners are not just senior executives and managers. This also applies, for example, to investment bankers, asset managers or those responsible for a specific sector. At investment institutions, the high earners are often people who are paid based on the results obtained.
Variable compensation
The banks and investment institutions are obliged to report the highest earners. The move followed the financial crisis of 2008, when it emerged that bankers had taken reckless risks. This was then linked to the pay policy, which was heavily focused on bonuses and variable pay.
Pay is still very variable. For every 100 euros paid in fixed salary, the top earners received 85 euros in variable compensation. At the deposit centers this was even 489 variable euros per 100 fixed euros. The legal limit on variable compensation no longer applies to these institutions. For traditional banking institutions, the ceiling on variable compensation is set at 100 percent of fixed salary.
At 8 percent, women are overrepresented among high earners in the European banking sector. In Belgium, 2 out of 26 are women, which also amounts to 8 percent. “This reflects the continuing gender imbalance in the financial sector, particularly in the highest paid occupations,” the EBA said.
2024-04-26 14:45:21
#Belgian #banker #won #million #euros
Related posts: