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GAAP.RUNewsGlobal anti-bonus campaign

Global anti-bonus campaign

Publication date: 21 September 2009

Following European “trends”, American financial authorities also came out with proposals on how to restrict bonuses to top-managers. Generally, US regulators are less “aggressive” as compared to their colleagues in Europe. At least, the Fed does not want to tie bonuses to banking financial indicators.

At the G20’s summit finance minister from Russia, US and other countries will discuss premiums and bonuses to bankers which will possibly be tied to financial indicators of banks.