Bank compensation

Let there be comp!

New rules in the UK shed some fresh light on senior-level compensation in the banking industry, but do little to improve regulatory oversight.
<div style="text-align: left;">
Bonus season: an unseemly affair in 2012
</div>
<div style="text-align: left;"> Bonus season: an unseemly affair in 2012 </div>

Bonus season, once the highlight of the year, has become a time of fear, greed and politicians worked into a fever of righteous jealousy. But a rare ray of sunshine into the world of senior bank compensation shows how difficult and pointless further regulation of bank bonuses will be.

The UK’s FSA last year passed a regulation under which banks operating in the country had to reveal the remuneration compositions and totals that were paid to senior executives and other executives that fell under its remuneration code. These code staff are the level below the C-suite and board of directors, but comprise those whose activities have a material impact...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222