Risk USA: Link compensation to 'risk awareness', say CROs
Deutsche Bank and CQS using risk indicators to adjust pay
Banks and hedge funds are formally linking compensation to employees' risk and compliance track record in an effort to create a stronger risk culture.
Deutsche Bank now factors breaches of risk rules into an individual's year-end performance reviews. "In areas of the business where it's really black and white in terms of behaviour we want to see or don't want to see – such as if a trading business breaches its limits or if a risk officer doesn't attend compliance training – you get red flags
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