IIF: Pay rates too biased towards front office
Risk managers pay is still much lower than the front office risk takers, says the IIF
WASHINGTON, DC – The ratio between pay for risk managers and the front office is still too biased towards the business, contributing to the skewed remuneration incentives for risk-takers that was partly blamed for the financial crisis, says an industry study. A report from the Institute of International Finance (IIF) and consultancy Oliver Wyman suggests banks have implemented some reforms but
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