Newsflash: UK to tie performance-related bonuses to performance

Posted on October 6, 2009 by Michael Stocker

The five major UK banks have pledged to limit their executives’ bonuses and an independent commission will supervise the issuance of bonuses.  From now on, the UK regulator will look very closely at the remuneration of bankers.  Executives may even be forced to repay bonuses if the long term results of their decisions are incorrect.  (Spanish language)

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