The Royal Bank of Scotland Group has failed to provide information on pay and bonuses to a UK Parliamentary Committee, which is due to report on the banking crisis in May
The Wall Street Journal has reported that the Royal Bank of Scotland has failed to respond to requests from a UK parliamentary committee for information on pay and bonuses. The Committee is due to report in May but the missing information could delay the publication of its findings.
Several other banks, responding to a separate request for information, have disclosed an unusual amount of information about the pay and bonuses granted employees, with some, the US newspaper maintains, disclosing the extent to which bonus pools for 2008 were slashed. However several still chose not to answer specific questions on pay and risk management.
More on Operational Risk
Relational databases are hard to protect; modular storage allows encryption
Paul Robson to face sentencing for Libor manipulation in 2017
Efforts to prevent conduct failures may be misdirected
Rigging liquidity scheme payments adds insult to injury
Sign up for Risk.net email alerts
Watch highlights of this year's London conference
Operational risk and the challenges of defining and dealing with conduct risk
Watch discussions and speakers from our North America conference
In the February 2014 editorial video, OpRisk's latest industry survey finds room for improvement in risk management
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.