THE Financial Services Authority is concerned "inappropriate remuneration schemes" may have contributed to the current banking crisis.
The watchdog said it was possible banking firms gave staff incentives to pursue "risky policies" that undermined the impact of risk-control systems. It said this would be to the detriment of share...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
