Regulatory Alerts2011-06-10
Added · Updated
Report on the Range of Methodologies for Risk and Performance Alignment of Remuneration
The Hong Kong Monetary Authority issued this letter to encourage all Authorized Institutions to study the Basel Committee on Banking Supervision's report on remuneration methodologies. The document requires banks to align their compensation schemes with sound practices that support risk-adjusted incentives and prudent risk-taking. This guidance aims to enhance the stability of authorized institutions by ensuring remuneration practices are consistent with effective governance and risk management standards.
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