GRS survey: bonuses reduced but basic salaries rising


LONDON - Reports in the UK media have derided the news the head of risk for the Royal Bank of Scotland, which is 70%-owned by the UK taxpayer, will receive a non-performance related award of free shares, the continuing outcry over executive pay.

Nathan Bostock will be awarded 1.18 million RBS shares, worth approximately £463,000, between June next year and June 2012, completely independently of any targets. The shares are intended to replace the awards he would have been granted by Santander

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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