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25 April 2009
2 April 2009
The Principles are intended to reduce incentives towards excessive risk taking that may arise from the structure of compensation schemes.
FSF re-established as the Financial Stability Board with a broadened mandate to promote financial stability.
The FSF issued reports today covering recommendations for addressing procyclicality in the financial system, principles for sound compensation practices and principles for cross-border cooperation on crisis management.
The recommendations cover the following areas: the bank capital framework, bank loan loss provisions, and leverage and valuation.
2 April 2009
These Principles aim to ensure effective governance of compensation, alignment of compensation with prudent risk taking and effective supervisory oversight and stakeholder engagement in compensation.
The objective of financial crisis management is to seek to prevent serious domestic or international financial instability that would have an adverse impact on the real
economy.
Prepared remarks by Mario Draghi, Chairman of the Financial Stability Forum at the conclusion of London Summit on 2 April 2009.
The objective of financial crisis management is to seek to prevent serious domestic or international financial instability that would have an adverse impact on the real economy. In so doing, authorities will be mindful of the impact interventions may have on the public purse and will, as far as possible: maintain incentives for financial institutions […]