- Group: Quant Finance
- Subject: Risk adjusted bonuses.
Do you want me to decide your bonus ?
I've created this blog
http://riskybonus.blogspot.com/
to discuss various things I've found when looking at the British Financial Services Authority (FSA) proposals for risk adjusted renumeration.
I am in the process of writing a response to their ideas, and welcome input from anyone who feels they have something to contribute.
As far as I can see, the process is currently being run by the FSA, who in this instance are career civil servants and / or economists. They are talking to the top levels of various banks, some politicians and compliance officers.
That's not a bad place to start, but the first question is Do you want your pay to be decided by them without your input ?
Even in these troubled times you probably have a job to do, so lobbying, even if you knew where to start is not high on your agenda. If you're unemployed, then you definitely have higher priorities...
So, I/m putting together a document that may help them make a better set of rules (or not, you choose). You may think as a headhunter who spent too many years as a wage slave of a variety of financial institutions, that I am wise enough to argue on your behalf without any help.
...or you may not.
I am just putting together the first draft, which is buggy and has holes, because although I've picked some good brains, I still need to understand the issues more.
Please feel free to contact me directly ( Dominic of PaulDominic.com), or better still add to the debate here, or at Wilmott.com.
Posted By Dominic Connor
|