Some critics are concerned that the fee structure might encourage managers to borrow aggressively.

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As the Bank of France pointed out, the bonus plan complies with rules introduced in February at the behest of Christine Lagarde, the finance minister, to ensure that the structure of bankers' compensation does not encourage excessive risk-taking.

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But if the Parliament insists on pushing through a policy forged in the heat of an election campaign rather than out of the calm consideration and consultation that the Parliament's committee structure is supposed to encourage, ministers in London will have to accept the anomaly or grudgingly follow suit.

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The outdoor climbing frame, built by the army, is the largest man-made structure for apes in the world, and will encourage the chimpanzees' natural curiosity and intelligence.

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Under this concept, government would create the bank and funding structure that would encourage private investments.

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Encourage instead the issuance of securities that automatically adjust capital structure when financial distress becomes relevant, such as cocobonds with a market trigger.

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Those who package loans together for securitisation will have to beef up disclosure and retain 5% of any deal they structure to encourage sounder underwriting though the ban on hedging that exposure could be tricky to enforce.

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This is what the single market structure desires it to do, is set up to encourage it to do.

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