Global bankers face ‘score­card’ test to jus­tify bumper bonuses

The Pak Banker - - Front Page -

BERNE: The Basel Com­mit­tee on Bank­ing Su­per­vi­sion yes­ter­day set out tough new pro­pos­als to force banks to pro­vide full de­tails of all the money paid in bonuses and in­cen­tives.

Un­der the so-called Basel III rules, in­ter­na­tional banks will have to pro­vide a "score­card" for each banker to prove they de­serve a bonus.

They will also be forced to dis­close how much of the bonus bankers will be get­ting in cash and sug­gest ways of claw­ing back the money if the bank's per­for­mance suf­fers. -PB News

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