Sarkozy Names Pay ( Trader ) Regulator

Discussion in 'Professional Trading' started by ASusilovic, Aug 26, 2009.

  1. Michel Camdessus, the Frenchman who tried to keep Russia's finances under control as head of the International Monetary Fund a decade ago, is back in the regulator seat, this time to supervise the wages of France's best-paid traders.

    The 76-year-old economist was named France's "pay czar" on Tuesday by President Nicolas Sarkozy as part of a broader move to police the banking industry. He tackled some of the IMF's biggest-ever country bailouts when he ran the international organization from 1987 to 2000. Among them were Indonesia, Russia and Argentina.

    Merde !:D