The Swiss Financial Market Supervisory Authority (FINMA) has published for consultation a circular on remuneration systems. It contains wide-ranging proposals regarding the structure of remuneration which will apply to all financial institutions supervised by FINMA. With regard to disclosure, FINMA proposes that institutions should be required to disclose their remuneration policies in a remuneration report and that there should be summary disclosure of the remuneration structure for all employees. Further information is available here.
Thursday, 4 June 2009
Switzerland: FINMA's remuneration proposals
The Swiss Financial Market Supervisory Authority (FINMA) has published for consultation a circular on remuneration systems. It contains wide-ranging proposals regarding the structure of remuneration which will apply to all financial institutions supervised by FINMA. With regard to disclosure, FINMA proposes that institutions should be required to disclose their remuneration policies in a remuneration report and that there should be summary disclosure of the remuneration structure for all employees. Further information is available here.
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