Critics of excessive bank bonuses, who hoped for an industry revolution as a result of the financial crisis, will undoubtedly be disappointed by the pace and scale of reform over the past two years. There have been restrictions – the more widespread use of mechanisms for the deferral and clawback of bonuses and greater scrutiny of the risks taken to generate revenues – but there have not been audible squeals of pain.
Banks are likely to have to refine their systems for deferred compensation as regulations become more prescriptive about how much bonus should be deferred and in what form.
Thanks for your interest in Euromoney!
To unlock this article:
