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BCBS Statement: Basel Committee publishes assessment methodology for compensation practices

( January 22, 2010, 19:00 GMT | Official Statement) -- MLex Summary: International banking standard-setters issued guidelines for assessing how banks align pay practices with risk management. Banks that use a top-down approach, setting a total pool and then allocating among employees, must ensure some awards are deferred or take account of potential future losses. Firms that work bottom-up, in which each bonus is based on individual performance, must adjust awards based on the risks taken by that employee....

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