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
Spring housing market gets more inventory
We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program