Compliance Clarified – a podcast by Thomson Reuters Regulatory Intelligence Series 2, Episode 3: All things remuneration
Jun 8, 2021
29:01
In the third episode of the Compliance Clarified podcast Susannah Hammond and Lindsey Rogerson discuss all things remuneration and what compliance officers around the world need to consider.
The regulatory focus on remuneration, compensation and critically the design of bonuses goes back to the financial crisis and it’s a measure of how crucial good bonus design is seen to be that the very first thing the Financial Stability Board did in the wake of the financial crisis was to implement supranational compensation standards seeking to drive better risk-aware behaviours.
More than a decade later remuneration remains a key supervisory priority.
As discussed in the podcast here are a selection of articles by Susannah and Lindsey:
FSB cites UK good practice on compensation
https://www.linkedin.com/posts/susannahhammond_fsb-cites-uk-good-practice-on-compensation-activity-6805809779756277760-qmhx
Bank of England lab experiment on risks of relative performance pay
https://www.linkedin.com/posts/susannahhammond_bank-of-england-lab-experiment-on-relative-activity-6805811791650664448-bSl2
Form L Q3.05 – which was deleted by Prudential Regulation Authority 2018 and only restored in January 2021
https://www.linkedin.com/feed/update/urn:li:activity:6806614095530471424/
COVID-19 fairness hangover heightens conduct risk for financial firms
https://www.linkedin.com/feed/update/urn:li:activity:6806612121506471936/
The regulatory focus on remuneration, compensation and critically the design of bonuses goes back to the financial crisis and it’s a measure of how crucial good bonus design is seen to be that the very first thing the Financial Stability Board did in the wake of the financial crisis was to implement supranational compensation standards seeking to drive better risk-aware behaviours.
More than a decade later remuneration remains a key supervisory priority.
As discussed in the podcast here are a selection of articles by Susannah and Lindsey:
FSB cites UK good practice on compensation
https://www.linkedin.com/posts/susannahhammond_fsb-cites-uk-good-practice-on-compensation-activity-6805809779756277760-qmhx
Bank of England lab experiment on risks of relative performance pay
https://www.linkedin.com/posts/susannahhammond_bank-of-england-lab-experiment-on-relative-activity-6805811791650664448-bSl2
Form L Q3.05 – which was deleted by Prudential Regulation Authority 2018 and only restored in January 2021
https://www.linkedin.com/feed/update/urn:li:activity:6806614095530471424/
COVID-19 fairness hangover heightens conduct risk for financial firms
https://www.linkedin.com/feed/update/urn:li:activity:6806612121506471936/