Banks May Have to Disclose Profits From ECB Emergency Loans

Dear reader,

since the LTRO actions of the ECB are of the author's special interest and Sandra Fiene (@EUFiene) narrowcasted this article by "Der Spiegel": Nach EZB-Hilfen: EU will Gewinne der Banken prüfen

which is most likely based on this article by Bloomberg: Banks May Have to Disclose Profits From ECB Emergency Loans

it is worth to be mentioned and commented here.

This story perfectly fits in the context of
Liquidity released, bubbles ahead, how to regain control ?
National fiscal policies to counter ECB's main dilemma
KantoosEconomics asks good questions


The demand for more transparency by the European parliament just to limit 'bankers' bonuses' seems however either to be a cover story for deceiving the public or really reflects the need for populism in order to remain 'the darling of the voter'

The latter imaginable for those MEPs depending on reelection, but since finance ministers of the eurozone as well as the ECB have an interest more for the stability of the whole financial sector and probably don't care much about what individuals of private banks get paid. And there are some banks owned or partially owned by states , where there are already strict limitations of what managers can earn. (As far as the author here knows)

On the one hand there are hundreds of Billions of Euros to get controlled and steered in the right direction and there are those potential bonuses worth only a few millions and more a concern for shareholders and boards of those banks than for the public.   

So one can only wonder about what is really behind that nevertheless interesting story. Hopefully not another attempt to boost the budget of the EU through a new tax to fill their ever growing financial needs combined with being 'the darling of the public'.