Dudley outlines tougher incentives to make bankers behave

william-dudley
William Dudley

William Dudley stressed the benefits of using bankers’ compensation as means of incentivising good behaviour in speech on March 26.

The president of the Federal Reserve Bank of New York told an audience at the US Chamber of Commerce he believed more could be done to improve the incentives provided by compensation practices.

“While compensation practices today feature a larger deferred component, greater emphasis on deferral in the form of long-term debt – which can also be recognised as [total

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