Walker plans bonus delays July 16, 2009 BANKERS would have half of their bonuses withheld by employers for up to five years, under proposals designed to end City “short-termism.” The new plans came from former Morgan Stanley chairman Sir David Walker yesterday in a review of banking in the wake of the global downturn. Walker’s review of banks’ pay comes after some [...]
THE FSA HAS TO FIGHT TO KEEP GAINS June 2, 2009 DORIAN DREWPARTNER, NORTON ROSE LLP THE FSA has sometimes been called a watchdog with no teeth. That has begun to change, and in recent months there has been a notable increase in success. This, perhaps, is a result of increased activity following criticism of the watchdog. But all of this progress could be undermined. It [...]