Scrap bonuses - Basel Committee's Wellink
Bonuses for executives in the financial sector could be scrapped altogether, said Nout Wellink, the president of the Netherlands Bank and the chairman of the Basel Committee on Banking Supervision.
Speaking at a symposium on financial sector integrity in Amsterdam, Wellink said that he would like to see executives drawing good and competitive salaries.
He said that such salaries would be enough incentive for a good and sound executive's performance contributing to financial institutions' long
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