Swiss financial regulator proposes compensation rules

06/4/2009 | Financial Times (tiered subscription model)

FINMA, the financial-markets regulator in Switzerland, proposed rules that would require bonuses to be tied more closely to long-term profits. Swiss bankers expect other regulators in Europe to follow FINMA's lead but are concerned that if they do not, Swiss banks will be at a disadvantage. The Financial Stability Forum made a similar proposal in April. FINMA also wants remuneration to be more transparent.

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