06 Sep.
An international survey of leading wholesale banks finds that significant progress has been made in improving compensation policies and practices. Overall, most major banks are now implementing compensation systems in line with the Implementation Standards published by the Financial Stability Board (FSB) in September 2009.
The Institute of International Finance, in collaboration with Oliver Wyman, published its second survey-based report on compensation in the financial services industry, which consists of responses from 37 financial services firms. These have been supplemented by a series of individual interviews with leading wholesale banks. Between them, these institutions represent 70% of total global wholesale banking revenues for 2009.
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06 Sep.
