FSA publishes code of practice on remuneration policies
Daily news headlines
The aim of the code is to ensure firms have remuneration policies in place that are consistent with sound risk management, and do not expose them to excessive risk. It is not concerned with setting levels of remuneration, which the FSA maintains is a matter for boards of companies and their shareholders.
FSA chief executive Hector Sants says: "We have already outlined the work we have been doing on remuneration during the past 12 months. The code of practice we have published today is the next stage in that work and clearly lays out the framework we expect firms to adopt."
The FSA will consult on the code and further proposals for remuneration policy in March.
Click here for a copy of the code of practice.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk management
7 days in 60 seconds
SOFR discounting, Covid and scenario crowdsourcing
The week on Risk.net, September 12–18, 2020
Receive this by email