“There are concerns that bonuses may increase the appetite for risk,” warned Anthony Bellchambers of London’s Futures & Options Association in a prophetic comment from a January 1998 Euromoney, ‘The end of the bonus bonanza?’
Much of that issue appears eerily familiar 11 years on, with a feature on “red-faced ratings agencies” coming under fire after a financial crisis, tales of banks making cutbacks and trimming bonuses, and stories of governments stepping in to rescue troubled banks.
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