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Banks in Bahrain poised to adopt new bonus rules

Posted on 10 December 2010

From Efinancialcareers-gulf.com: In another sign that the Middle East isn’t escaping the regulatory crackdown on bonuses, banks in Bahrain will soon have to comply with remuneration recommendations laid out by the Basel Committee on Banking Supervision (BCBS).

In a consultation document, the Central Bank of Bahrain said that it is in the process of reviewing the documents published by the BCBS and “intends to incorporate these international standards as part of its regulatory framework”………………………………………..Full Article: Source

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