The record of the interim Financial Policy Committee meeting held on 21 November 2012 was published yesterday: see here (pdf). In addition to the discussion regarding bank capital, which has received much attention in the past couple of weeks, the Committee also discussed bank executives' remuneration and noted, amongst other things, that remuneration contracts could be better structured to expose executives to the potential downside outcomes over the full term of the risks they take.
Wednesday, 5 December 2012
UK: FPC discusses bank executives' remuneration contracts
The record of the interim Financial Policy Committee meeting held on 21 November 2012 was published yesterday: see here (pdf). In addition to the discussion regarding bank capital, which has received much attention in the past couple of weeks, the Committee also discussed bank executives' remuneration and noted, amongst other things, that remuneration contracts could be better structured to expose executives to the potential downside outcomes over the full term of the risks they take.
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