Topic: Remuneration

“Highly concerning”: Bank of England calls for post-Archegos bank review

The UK’s financial regulators have called on major banks to review their equity finance businesses in the wake of the Archegos collapse – proposing they cut senior executives’ bonuses until they can demonstrate improved risk management – as the US Fed also issues its post-Archegos guidance.

15 December 2021

EBA guidelines flag gender-neutral remuneration

The European Banking Authority has introduced new gender parity expectations in its updated remuneration guidelines, despite respondents terming the new requirements “problematic and burdensome”.

26 November 2021

“More skin in the game”: Australian regulator finalises remuneration overhaul

Australia’s prudential regulator has confirmed new remuneration rules for the banking sector, after revising more prescriptive plans for the application of risk and conduct requirements.

02 September 2021

UK regulators to pin banks’ senior executive pay on diversity progress

The UK’s financial regulators are considering linking senior bank executives’ pay to their progress in making their workforces more diverse and inclusive, as they target a “purposeful and authentic” change in the sector.

07 July 2021

Singapore consults on corporate governance

Singapore’s regulatory authority is consulting on revised corporate governance guidelines for financial institutions, as regulators in Malaysia, Hong Kong and Japan emphasise sustainability and diversity in their own recent corporate governance overhauls.

12 May 2021

APRA consults on remuneration guidance after rigidity complaints

Australia’s prudential regulator is consulting on the country’s remuneration guidance ahead of a prudential standard to be finalised later this year, as Dutch authorities also prepare to overhaul their remuneration rules.

04 May 2021

A “culture of fear” over risk-taking: FSB calls for UK regulators to align on remuneration

UK regulators should better align their compensation frameworks to avoid creating a “a culture of fear” around proactive risk taking at banks, according to a new report from the Financial Stability Board.

15 April 2021

Australian regulator rolls back remuneration overhaul after industry outcry

Australia’s prudential regulator has rolled back its plans to radically reshape its remuneration framework, after being told its introduction of a cap on financial measures for variable remuneration was a “blunt instrument” that undermined boards’ roles in setting structures.

12 November 2020

Goldman Sachs to address risk management after US$2.9 billion 1MDB settlement

Goldman Sachs has been ordered to improve its risk management and oversight procedures after settling with 10 regulators in five jurisdictions over an alleged multibillion-dollar bribery and embezzlement scheme with respect to Malaysian fund 1MDB.

29 October 2020

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