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A crackdown on bankersâ pay is starting to deal with individual risk-taking. Compensation can be clawed back from financiers whose bets ultimately turn sour. There are also plans, mainly in Europe, to pay a chunk of bankersâ compensation in âbail-in bondsâ – which will get wiped out or turned into lowly valued shares if a bank fails. That should get bankers to pay more attention to risk. |
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