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FSB Guides Regulators On Bankers' Pay And Misconduct Risk

Law360, London (November 23, 2018, 4:11 PM GMT) -- Financial services companies should frequently review how much they pay their staff, the Financial Stability Board said on Friday, as it issued recommendations to help regulators establish how remuneration can encourage risk-taking by workers.

The board wants to know whether there is a link between how much financial institutions such as banks pay their employees and the risks they are willing to take in their jobs as a result.

The recommendations, aimed at national supervisors around the world, set out what the board wants regulators and businesses to consider. They include how regulators should gather information on salary and remuneration packages...
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