Regulators should cooperate across borders so that pay policies don’t encourage too much risk taking, a global banking supervisory body said on Friday. The Basel Committee on Banking Supervision, made up of central bankers and supervisors, published standards regulators should apply in reviewing bank pay policies. “Home country supervisors should ensure that headquarters are able to form a clear and accurate view of compensation practices in foreign affiliates and branches,” the standards say.
Regulators Sharpen Tools for Bank Pay Crackdown
Most Popular Articles
Latest Articles
New-home sales fared well in March
Market headwinds haven’t dampened demand as the annualized sales rate grew 8.8% from February
-
Download these 9 real estate prospecting letter templates that actually work
-
14 powerful tips to master networking as an introvert in real estate
-
Fintech startup Hitch rolls out white-label HELOC product
-
6 best real estate schools in Washington (WA) for 2024
-
Rick Roque departs CrossCountry Mortgage to join Sierra Pacific