Global Regulators Quiz Banks on Remuneration, Bonus Policies
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Banks are to be quizzed by global regulators on how they have put in place international guidelines on pay and bonuses, following a review last year that showed implementation was incomplete.
The Financial Stability Board plans to “assess the different approaches to implementing” its principles by surveying “a sample of major firms directly” as well as national supervisors, the FSB said in a statement on its website. The FSB also intends to examine the impact of country-level measures to curb excessive pay.