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G20: Bankers' pay to be linked to risk in regulatory overhaul | World news | guardian.co.uk

Bankers' pay will have to be closely linked to long-term performance under the tough new measures presented to G20 leaders at today's London Summit by the Financial Stability Forum (FSF), which is expected to be given the job of overseeing world markets as part of the post-credit crunch crackdown on regulation.

The FSF argues that excessive compensation was "one factor among many", which contributed to the financial turmoil that erupted in 2007, and international regulators must scrutinise pay policies at banks - an idea that would have been anathema to the United States and Britain before the crisis.

by In Wales (inwales aaat eurotrib.com) on Thu Apr 2nd, 2009 at 03:38:03 PM EST
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