Risk and compliance pivotal in setting compensation

A new code of conduct from the FSA aims to establish best practice for remuneration at regulated firms

The argument over fair compensation for banking executives is threatening to run and run as politicians get further embroiled in the fairness of RBS's Fred the Shred's pension pot. The media cannot seem to get enough of vilifying grossly overpaid, failed bankers. But no one has spared a thought for those thousands of middle-tier banking employees that work hard for a living and have come to rely on their bonus as part of their wages. And this is threatening to drive an industry-wide increase in