Wednesday, 6 October 2010

And regulating bonuses

The clues are there -
But [Philip Hampton] also admitted that the bank was "paying a lot of people who aren't worth it" and concluded that the way to solve the bonus conundrum in the City was through regulation.

"My own view is it can probably only be decisively solved through regulation," Hampton said as he highlighted changes that had been made to the structure of bonus deals to avoid rewards for failure.

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