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Long-term risk should factor into bankers' pay, BoE says
Bankers' compensation should reflect risk that might ensue from actions years later, such as if a bank fails, the Bank of England says. "Steps could be taken to ensure that contracts provided sufficient incentives for executives to consider the full implications for long-term business performance," the central bank's Financial Policy Committee says.
Reuters (04 Dec.), The Wall Street Journal (tiered subscription model) (04 Dec.)
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