MPs say Turner report downplayed bank pay

York, Nicola
May 2009
Money Marketing;5/21/2009, p11
The article reports on the criticism of the Financial Services Authority's (FSA) Turner review by the Members of Parliament (MPs) in Great Britain in 2009. MPs claimed that the Turner review understated the role of banker remuneration in the financial crisis. They also questioned the reliability of the Turner review as well as its corresponding documents to support its data. Many claimed that banker remuneration structures are very crucial to the spending behavior of banks.


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