Monday 20 October 2008

UK: a global framework for bankers' pay?

In a report published in yesterday's Sunday Times newspaper, it is noted that the FSA's chairman, Lord Turner, "is looking to create a standard global policy on remuneration to stop executives holding banks to ransom ... The FSA is to work with America’s Federal Reserve, the Organisation for Economic Cooperation and Development, other European regulators as well as seconding bankers. The ambition is to create a global framework".

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