UK FSA Proposes Remuneration Policy Reform For Financial Sector Firms; EU Commission Follows With Recommendations.
Mondaq Business Briefing › Nbr. 2009, January 2009
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UK FSA Proposes Remuneration Policy Reform For Financial Sector Firms; EU Commission Follows With Recommendations.
The reform of remuneration practices in the financial sector is currently the subject of regulatory and political debate worldwide. Regulators in the major financial centres are reviewing remuneration practices in light of recent events. Unprecedented turmoil in global financial markets has led financial regulators to co-operate internationally as never before and, with the publication in March of its consultation paper entitled: "Reforming remuneration practices in financial services" (the "Paper"), the UK Financial Services Authority (the "FSA") appears to be l...
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