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The European Parliament and Council have, this week, announced proposed amendments to the Capital Requirements Directive, aimed to tackle the "excessive and imprudent risk-taking in the banking sector"
The Government has now published its much-touted Financial Services Bill which, according to the HM Treasury press notice, includes "tougher rules on pay and bonuses that will ensure remuneration policies do not contribute to excessive risk taking"
Following completion of its consultation on proposals to implement a code of practice on remuneration policies, the FSA has published the responses received and the decisions that it has taken on the application of the Code
The FSA's consultation paper CP0910, entitled "Reforming remuneration practices in financial services", made its appearance in the wake of the publication of the Turner Review and associated discussion paper this month
