managers' salaries, may be pushing others in the banks, particularly if their apparent incompetence by the negligent or termination decisions will be. All the more so as there is no scientifically sanctioned correlation between performance and high wage * * variable components (on the contrary). The fight against the managers' salaries but is still a purely political issue, because only in passing blame for the current crisis. It would be better, the regulators would take the time to suggest something more deliberate. Especially because high fixed (not retained) salaries seem quite spur to better performance.
The real battle must be fought in capital requirements and risk management, but is less media attention and probably difficult at all. Any manager who has received excessive risks, was not blocked by risk management. There lies a big problem. The other problem is that had made the manager take these risks almost, because the banks were flooded with liquidity and had to place money somewhere. And indeed partly because of the loose monetary policy, partly because of external imbalances, in part because of the increase in leverage. The latter was developed from the illusion of shareholders, double-digit returns on their shares to pursue and the two closed eyes of regulators, which would allow capital ratios of around 2% ...
0 comments:
Post a Comment