Dutch bankers commit to remuneration, risk management reforms

Dutch banks have agreed to limits on remuneration and ensuring the risks they take are appropriate for their firms. The commitments were outlined in the Provisional Banking Code published on September 8 by the Netherlands Bankers’ Association (NVB).

While individual firms globally have made loose commitments to alter their compensation structures in the wake of the financial crisis, Tuesday’s announcement by the NVB is the first time a country’s banking sector will co-operate en masse to change

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