1. Given how much bankers, especially top bankers, make compared to the median salary in the United States, should there be an absolute cap on pay in the financial sector? Does the Capital Requirements Directive IV come close to implementing such a cap indirectly? Will staff at EU banks be more or less likely to leave for financial conglomerates in other countries, or to work for a technology start-up? Is the effect the same on senior and junior bankers? Of those, who are more or less mobile because of family circumstances or language skill sets? It has been suggested that society would be better off if fewer top students from elite schools joined the financial sector. What are the pros and cons of this point of view?