Industry urges EU to show restraint over remuneration practices

Responses to EU remuneration paper urge restraint


Responses to the Basel Committee on Banking Supervision’s report, Range of methodologies for risk and performance alignment of remuneration, which was issued for consultation in October 2010, agree remuneration practices contributed to the recent financial crisis. But they do not concede strategies for more guidance, rules or disclosure are the answer.

The Dubai Financial Services Authority’s (DFSA) response sets out the problem clearly: “None of these strategies provides a ‘silver bullet’, as

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