PwC partner: Basel's remuneration paper gives banks cause for concern

Firms worried by Basel Committee’s remuneration proposal

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LONDON – The Basel Committee's latest consultation paper on the risk alignment of remuneration could cause concern among financial institutions, says Tom Gosling, partner at PricewaterhouseCoopers (PWC). The consultation paper presents the range of methodologies firms are implementing to better align remuneration practices with risk in a bid to promote sound incentive policies. The paper states financial institutions need to be prepared to use the full spectrum of risk adjustments, redu