Series 2, Episode 3: All things remuneration

In the third episode of the Compliance Clarified podcast Susannah Hammond and Lindsey Rogerson discuss all things remuneration and what compliance officers around the world need to consider.The regulatory focus on remuneration, compensation and critically the design of bonuses goes back to the financial crisis and it’s a measure of how crucial good bonus design is seen to be that the very first thing the Financial Stability Board did in the wake of the financial crisis was to implement supranational compensation standards seeking to drive better risk-aware behaviours. More than a decade later remuneration remains a key supervisory priority. As discussed in the podcast here are a selection of articles by Susannah and Lindsey: FSB cites UK good practice on compensation https://www.linkedin.com/posts/susannahhammond_fsb-cites-uk-good-practice-on-compensation-activity-6805809779756277760-qmhx Bank of England lab experiment on risks of relative performance pay https://www.linkedin.com/posts/susannahhammond_bank-of-england-lab-experiment-on-relative-activity-6805811791650664448-bSl2 Form L Q3.05 – which was deleted by Prudential Regulation Authority 2018 and only restored in January 2021 https://www.linkedin.com/feed/update/urn:li:activity:6806614095530471424/ COVID-19 fairness hangover heightens conduct risk for financial firmshttps://www.linkedin.com/feed/update/urn:li:activity:6806612121506471936/

Om Podcasten

Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence.Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.