UK: FSA publishes draft code of practice on remuneration policies

The Financial Services Authority has today published a draft code of practice on remuneration policies, relevant to all FSA regulated firms. The aim of the code is to ensure that firms adopt remuneration policies which are consistent with sound risk management and which do not expose them to excessive risk. In the accompanying press release it is stated that the FSA will consult on the draft code and further proposals for remuneration policy in March.