Perhaps the bankers won't all run away to Switzerland after all

[Sysman]

Matt probably got it right with this one:

[doodab]

If the Swiss go ahead and their financial services industry doesn't close down in consequence, it makes it easier to do it over here

With this and the EU cap on bankers bonuses, I reckon it might be quite difficult to spin the "opt-out" on the latter that DC & co are after. One wonders what the electorate thinks.

BBC News - Q&A: EU banker bonus cap plan

[NickFitz]

If the Swiss go ahead and their financial services industry doesn't close down in consequence, it makes it easier to do it over here

[doodab]

BBC News - Swiss referendum 'backs executive pay curbs'

Swiss voters appear to have backed proposals to impose some of the world's strictest controls on executive pay, projected referendum results suggest.

Some 70% are thought to have supported plans to give shareholders a veto on compensation and ban big payouts for new and departing managers.