UK Treasury Committee criticises FSA's approach to bonuses


LONDON - The UK House of Commons Treasury Committee has called for more emphasis on remuneration reform in the regulatory response to the global financial crisis.

In a recently released report, 'Banking crisis: reforming corporate governance and pay in the city', it criticises the Financial Services Authority's (FSA) Turner Review, released in March, for understating bonus culture's role in the crisis, and suggests the UK regulator is not addressing the problem.

"Bonus-driven remuneration

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:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: