Arab Today, arab today britain to upgrade banking stardard by rigorous regulations
Last Updated : GMT 17:51:52
Arab Today, arab today
Arab Today, arab today

Britain to upgrade banking stardard by rigorous regulations

Arab Today, arab today

Arab Today, arab today Britain to upgrade banking stardard by rigorous regulations

London - XINHUA

Senior bankers found guilty of reckless misconduct in Britain could face prison sentences under harsh rules recommended by the Parliamentary Commission on Banking Standards on Wednesday. In a report named \"changing banking for good\", the Commission outlined radical reforms aimed to hold bankers more accountable for their bank\'s actions. Among many of the committee\'s recommendations is the creation of a code that defers bonuses for longer, and better aligns risk and rewards. The Commission argued that remuneration should be deferred by up to 10 years to reflect the length of time it takes for profits and losses from banking transactions to be realized, and banks should also be given the right to claw back pay after employees leave a firm, as wrongdoing can take several years to come to light. Meanwhile, the criminal offence would apply for the \"most serious of failings,\" such as where a bank failed with substantial costs to the taxpayers, lasting consequences for the financial system, or serious harm to customers, said the report. The Parliamentary Commission on Banking Standards was established in July 2012, in the wake of the LIBOR scandal, to conduct an inquiry into professional standards and culture in British banking sector and to make recommendations for legislative and other actions.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain to upgrade banking stardard by rigorous regulations Arab Today, arab today britain to upgrade banking stardard by rigorous regulations

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain to upgrade banking stardard by rigorous regulations Arab Today, arab today britain to upgrade banking stardard by rigorous regulations

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday