RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Bank bonuses in global disclosure call Mon Dec 27, 2010 10:25 pm | |
| The Basel Committee of the world's financial regulators has revealed plans for banks to disclose their bonuses.
A consultation paper suggests banks publish details of how pay is linked to performance, as well aggregate figures for different types of remuneration.
It would include individual pay details for top managers, risk management staff and "other material risk takers".
It is hoped stock markets can then pressure banks to give employees better incentives to reduce long-term risks. Sounding out
In its consultative document, the Committee said that it hoped the proposed requirements "will support an effective market discipline and will allow market participants to assess the quality of the compensation practices and the quality of support for the firm's strategy and risk posture".
ANCAPS: ANARCHO-CAPITALISTS |
|