Regulatory Alerts2010-12-05
Sound Compensation Practices for Licensed Banks
The Central Bank of Bahrain (CBB) is integrating Basel Committee on Banking Supervision compensation principles and remuneration alignment methodologies into its regulatory framework. All licensed banks must submit electronic comments on these international standards to designated CBB policy directors by 13 January 2011. The collected feedback will directly inform proposed amendments to Volumes 1 and 2 of the CBB Rulebook governing bank compensation practices.
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