The pay and bonuses landscape
After public anger shone a spotlight on the risks taken by many bankers in the run-up to the financial crisis – not to mention how much they were paid to take those risks – government pressure has forced banks to change their employee remuneration structures. Clare Dickinson surveys the resulting compensation landscape for structured products bankers in the US, Europe and Asia.
One lasting effect of the financial crisis has been increased scrutiny of bankers' salaries and bonuses, which has in turn led to a raft of new legislation. Those working in the structured products industry have also been subject to changes in the way they are paid. But banks are struggling to come to terms with these reforms, and opinions are split about how they are affecting the jobs market.
Fundamental reforms that have come into force as economies recovered include a change in the split
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