HKMA lays down law on pay

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The Hong Kong Monetary Authority (HKMA) is consulting the Hong Kong Association of Banks as well as the Deposit Taking Association on its recently published guideline on "sound remuneration."

Developed on the basis of the principles and implementation standards issued by the Financial Stability Board, the guideline sets out principles for a sound remuneration system, covering governance, remuneration structure, performance measurement, alignment of remuneration payouts to the time horizon of ris

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