Regulator restricts pay for bank top executives
Regulator restricts pay for bank top executives
In a fresh effort to curb financial risk-taking, China’s regulators are tightening controls on pay for its top bankers. The China Banking Regulatory Commission announced in a statement Wednesday that lenders shall withhold a minimum 40 percent of bonuses for top executives for up to 3 years, and can recover bonus payments if their poor performance leads to losses later. “We should learn advanced …
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