Rusdens Blog Banks could lose power to set bosses’ pay after boards fail to take decisive action: APRA

Incentive payments that rely on financial targets will have to change, according to APRA APRA chair Wayne Byres says banks have defaulted to the minimum requirements to claw back bonuses paid after poor performance is identified Regulatory intervention “inevitable” after changes to conventional pay models ignored Australian Prudential Regulation Authority (APRA) chair Wayne Byres said… Read more The post Banks could lose power to set bosses’ pay after boards fail to take decisive action: APRA appeared first on .