Regulatory Alerts2021-11-23
Added · Updated
Interim Report on Focused Review on Incentive Systems of Front Offices in Retail Banks
The Hong Kong Monetary Authority issued this interim report to outline findings from a focused review of incentive systems within the front offices of retail banks. The document addresses banking conduct and culture by identifying key issues and expectations for authorized institutions regarding remuneration practices. It serves as a precursor to the final report, guiding banks on necessary adjustments to align their incentive structures with regulatory standards.
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