Regulators seem to be singing from the same hymn sheet when it comes to remuneration in financial services. Recommendations due in mid-June from the US Treasury are expected to mirror principles set out by the European Commission, UK Financial Services Authority, and the G-20 Financial Stability Forum (FSF). The FSF document in particular highlights the regulatory consensus on principles for remuneration reform.
Putting principles into practice is usually where pitfalls lie. Last week in the UK a