Bank executive incentives a key focus for regulators

Mon, 24 Jun 2019

By Paul McBeth June 24 (BusinessDesk) - The Financial Markets Authority and Reserve Bank want a better grasp of how bank executive incentives have evolved and what controls are in place to avoid conflicts with sales practices. The regulators today said all banks have outlined plans to drop sales incentives for frontline staff and their managers in response to the joint FMA-RBNZ report on banking conduct and culture. Today's statement comes after the Bankers' Association said in April that its members had committed to remove or address sa...

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