01000am/Sunday 10 March 2013
Can the debate on capping bankers’ (and financial services sector’s) compensation packages look at fresh ideas that have the possibility of breaking the deadlock of retrenched positions of both sides in Europe and the UK? How about the possibility of not imposing caps but adding conditions that the performance-linked bonuses would need to be equally shared with (a) the customers, (b) the employer (who will hold the income in an escrow account with the regulator)?
On another matter, small retail individual customers in countries such as India continue to face challenges in fast and effective communications with big businesses on matters such as their deposits, the defeciencies in quality of goods and services that they had purchased, nominations for benefits, change of address and personal details. These challenges arise due to language, the confusion on who to address their communications to, the change in names of companies and the addresses of their offices..... In this context, would it be a good idea to commence a service that can provide a reliable communication service on behalf of such clients. This service can ensure that any such communications is fast, reliable and assures that both the sender and receiver benefit. Small nominal charges can be charged from individuals on an advance basis, with volumes and probabilities taking care of the profitability of such services.
Trust you are having a great weekend.
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