Future of Banking Commission goes much farther than FSA by recommending long-term incentives for investment bankers
Investment bankers should be forced to wait ten years to cash in their bonuses in full, under radical proposals tabled by a cross-party commission set up in the wake of the banking crisis.
The Future of Banking Commission, whose members include the Business Secretary Vince Cable, argued that remuneration structures needed to be “far longer-term in nature” and aligned with the creation of value for shareholders over a five or ten-year period.
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