Regulatory AlertsFG18/2: Staff incentives, remuneration and performance management in consumer credit firms
The Financial Conduct Authority issued finalised guidance FG18/2 to regulate staff incentives, remuneration, and performance management within consumer credit firms. This document establishes specific requirements to ensure that compensation structures do not encourage misconduct or undermine the effective management of risks. It provides firms with detailed expectations for designing remuneration policies that align with responsible lending practices and consumer protection standards.
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