Forbes – Britain’s financial regulator on Wednesday banned guaranteed banker bonuses of more than one year, as it leads a global crackdown on a culture of excessive risk-taking that has destabilised economies.
The Financial Services Athourity (FSA), which has been slammed for failing to address problems that led to the near collapse of the financial system last October, also said two thirds of bankers’ bonuses should be spread over three years to discourage short-term decision-making.
