Basel Committee unveils final proposals on pay

- Central Banking Newsdesk
- 12 May 2011

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The Basel Committee on Banking Supervision on Thursday issued the final version of its report on financial sector pay.

The report, Range of Methodologies for Risk and Performance Alignment of Remuneration, is intended to enhance banks' and supervisors' understanding of risk-adjusted remuneration.

The committee expected that "by providing some clarification on the design of risk-adjusted remuneration schemes, [it] could support and facilitate the greater adoption of sound practices in the banking

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