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We examine the political dynamics which led to the codification of the Principles and Standards for sound compensation practices at financial institutions at international (G 20) level and to their subsequent implementation on both sides of the Atlantic. We show that the regulation of bankers'...
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and political markets to spur deregulation and riskier lending and investment, which in turn contributes to the severity … profits. 2) These additional profits leads to calls for deregulation to enable the first class to participate in lucrative … lending or investment markets. 3) Deregulation allows the first class of institution either to compete with the second class …
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