Abstract
As tough economic balancing decisions are being formulated in the current fragile economic recovery process, extra-large global banks, which benefited from taxpayers’ bailout support money, turned around with huge profits again, mainly through high risk proprietary trading. Once again, these banks announced on the back of such profits, huge compensation and bonuses for their senior staff. This paper evaluates the implications of regulatory measures in the US and the UK in response to the remuneration and incentive packages of senior bank and finance executives.
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