Posted on 20/11/08
Carney dismisses calls to regulate bankers' pay
The way bankers are paid is an issue that must be addressed to discourage them from taking excessive risks, but it should not be regulated, Canadian officials say."I firmly believe that regulation of compensation is not appropriate, even though it is in vogue," Bank of Canada Governor Mark Carney said in a speech to the U.K. Chamber of Commerce yesterday.
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