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HKMA recognises use of proper conduct KPIs in setting bonuses paid in front offices

Conduct-related key performance indicators (KPIs) can be used to determine the level of variable remuneration in bank front offices, the Hong Kong regulator has said in a review that was part of its drive to push for a proper bank culture. Over the past few years, the Hong Kong Monetary Authority (HKMA) has emphasised the importance of a proper bank…

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