The Dutch government is planning to implement stricter rules for financial institutions' remuneration policies, including stricter rules on share benefits and bonuses. Representatives of the FinTech sector, which falls under 'financial institutions', are outraged by these new rules, saying that they will result in higher financial risks for the companies, unfair competition, and higher administrative costs, Financieele Dagblad reports.
Nov 27 '13 04:32
A stricter rewards policy will not result in a dramatic decrease of overall bonuses in the financial sector. If bonuses go down, fixed salaries will just go up, predicts professor of financial economics in Tilburg, Sylvester Eijffinger.