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UBS morphs bonus payouts to reduce banker risk-taking

UBS has set an industry precedent with the introduction of its new compensation scheme, effectively linking the interests of bankers and investors by  paying bonuses in bonds instead of cash. Following a recommendation by the EU Commission – and spearheaded by the head of the Bank of Finland, Erkki Liikanen – 6,500 of UBS’ top earners will be paid in the form…

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