With much commentary about who should bear responsibility in the current CBA anti-money laundering compliance issue, and the pending introduction of the Bank Executive Accountability Regime, it is worth considering what we know about banker remuneration.
The answer: not much despite very large remuneration disclosures in Annual Reports.
This FPB was prepared by Professor Kevin Davis, Research Director at the Australian Centre for Financial Studies.
The ACFS Financial Policy Brief series provides independent analysis and commentary on current issues in financial regulation, with the objective of promoting constructive dialogue among academics, industry practitioners, policymakers and regulators and contributing to excellence in Australian financial system regulation.
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