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Banks Still Need To Become Less Risky, Further Curb Pay Structure, Industry Survey Says

Banks need to do more to shift away from a culture of risk and the excessive pay structures that prevailed before the financial crisis, an industry report said.Banks have made progress since 2008 as top management and boards have become more…

Banks need to do more to shift away from a culture of risk and the excessive pay structures that prevailed before the financial crisis, an industry report said.

Banks have made progress since 2008 as top management and boards have become more involved in setting risk policy and they developed internal stress testing models, according to the survey of 62 firms released on Tuesday.

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