September 11th, 2009
International regulatory action on bankers’ pay, bonus and more….
The Netherlands Bankers’ Association will implement a code of conduct for banks next year that will limit the level of bonuses. Starting Jan. 1, bonuses for board members can’t exceed their fixed income by more than 100%, and bonuses could be clawed back “if long-term targets will not be met.
France and Germany have moved to limit the size of banks and bonuses paid to executives. Read the rest of this entry »
