IIF Authors

Status: Will be live at 07/11/2018 00:00

IIF/GFMA Respond to FSB Consultation on Misconduct Risk and Compensation

Wednesday, July 11, 2018

The IIF and GFMA recently jointly filed a response to a FSB consultation on recommendations for consistent national reporting of data on the use of compensation tools to address misconduct risk. The association's comments reflect on the nature and scope of this exercise in order to ensure the recommendations take into account, inter alia, the need for national jurisdictional discretion in tailoring policies to the unique conditions and cultures of individual markets and the need to avoid further prescriptive requirements.'