|
|
The FSA published a draft code of practice on remuneration policies relevant to all FSA regulated firms.
The aim of the code is to ensure that firms have remuneration policies which are consistent with sound risk management, and which do not expose them to excessive risk. It is not concerned with setting levels of remuneration, which are a matter for the boards of companies and their shareholders.
The FSA will consult on the code and further proposals for remuneration policy in March.