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BCBS Statement: Basel Committee issues Pillar 3 disclosure requirements on remuneration

( July 1, 2011, 10:11 GMT | Official Statement) -- MLex Summary: Global banking standard-setters issued final guidelines for what banks should disclose annually about their policies in setting pay and bonuses, including how to take account of risk, starting next 1 January. Banks covered by the Basel standards should report the number of bonuses given and the total amount, broken down by fixed and variable awards as well as the instrument given, such as cash or shares.The following is the text of the statement. Click the attachment at bottom for the full report....

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