BUSINESS
12/27/2010 04:10 pm ET Updated May 25, 2011

Bank Pay Should Be More Transparent, Basel Group Says

Bankers' pay should be more transparent to investors to prevent lenders from hiding policies that encourage irresponsible risk taking, global regulators said in draft proposals.
International rules on the disclosure of pay "will allow market participants to assess the quality of a bank's compensation practices and the incentives towards risk taking they support," Fernando Vargas, chairman of the Basel Committee on Banking Supervision's task force on remuneration, said in a statement published on the group's website today.

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