ister.
"It is politically unrealistic not to respond to this ... given that the taxpayers, many of whom are earning only a fraction of what some of these people are earning, are having to keep these people in business."
If the G20 can achieve consensus on new banker pay limits, making them stick may be hard as the sense of crisis fades, credit rating agency Moody's said recently.
Jaret Seiberg, policy analyst in Washington, D.C.
shop christian louboutin 100 miles, for Concept Capital, an investment research firm
christian louboutin sale 2011 , said investors in bank stocks can expect "many negative headlines" but "but real progress is less likely."
Nonetheless, long-term profitability at U.S. and European investment banks is likely to fall by more than a quarter due to new rules, JP Morgan said in a report earlier this month.
Deutsche Bank, Goldman Sachs and Morgan Stanley will see the biggest fall in return on equity
christian louboutin sale 2011 , while French banks and Barclays are likely to see to least impact
christian louboutin sale 2011 , JP Morgan estimated.
PACE OF REFORM
The Pittsburgh summit will be the third since the Lehman collapse. Debates on details and timing for reform are growing heated. The Financial Stability Board (FSB), the G20's policy coordinating arm, last week cited "challenges in maintaining an appropriate balance and pace of regulatory reform."
Europe is suspicious about a U.S. push for banks to adopt a leverage ratio or cap on how much they can borrow in relation to their own capital
christian louboutin sale 2011 , an established feature of U.S. banking.
French bank Societe Generale on Monday rejected the U.S. proposal as a "crude and simple" idea.
Europeans say the focus should be on making the existing risk-based Basel II international bank capital accord work better and for all countries, including the United States.
There is a worry in Europe that adopting a leverage ratio that goes beyond being just a "backstop" to Basel II would undermine the Basel rules. There is still no consensus on how to define a leverage ratio or what assets should be included.
The G20 migh