Switzerland Proposes Deferring 40%-60% of Top Bankers' Bonuses for 5 Years
Updated
Updated · Bloomberg · Aug 12
Switzerland Proposes Deferring 40%-60% of Top Bankers' Bonuses for 5 Years
3 articles · Updated · Bloomberg · Aug 12
Summary
40% to 60% of variable pay at Switzerland’s biggest banks could be withheld for as long as five years under government proposals released Wednesday.
The reform would write bonus deferrals into law for top bankers, extending to major lenders including UBS Group AG.
Swiss officials framed the package as a post-Credit Suisse regulatory overhaul aimed at strengthening financial safeguards and reducing the risk of another banking collapse.