5th Liechtenstein Forum on Banking and Securities Law: Risk management and transparent remuneration systems will be the topics in the next lecture series of the Propter Homines Chair for Banking and Securities Law at the Institute for Financial Services on Tuesday, 26 March 2013.
5th Liechtenstein Forum on Banking and Securities Law: Risk management and transparent remuneration systems will be the topics in the next lecture series of the Propter Homines Chair for Banking and Securities Law at the Institute for Financial Services on Tuesday, 26 March 2013.
Since the occurrence of the financial markets crisis, remuneration systems for financial intermediaries have been hot topics in the media and in politics. High bonus payments are thought to have encouraged managers to maximize their profits in the short term. This involved taking on excessive risk, whose effects have since been identified as partly responsible for causing the crisis.
Eventually, efforts by the G20 resulted in a new regulatory framework at the EU level. Liechtenstein law currently requires banks and asset managers to fix their remuneration in compliance with statutory provisions. Alternative investment funds and management companies will also be subject to these provisions in the future.
Sound risk management and transparency
At the 5th Liechtenstein Forum on Banking and Securities Law, Professor Dirk A. Zetzsche, LL. M. (Toronto), holder of the Propter Homines Chair for Banking and Securities Law, and Thomas Marte, BBA, academic researcher, will discuss the common principles of remuneration systems for financial intermediaries. The focus of the contributions will be on effective and sound risk management as the key factor in the establishment of appropriate remuneration and reasonable disclosure of remuneration principles.
The forum is aimed at representatives from banks, asset managers, AIFMs, UCITS management companies, lawyers in the financial sector, employees of the Financial Market Authority as well as trustees. In a subsequent discussion and at the following drinks reception, participants will be given the opportunity to ask individual questions.
5th Liechtenstein Forum on Banking and Securities Law
Lecture room 5 of the University of Liechtenstein, Vaduz
Tuesday, 26 March 2013, 5 p.m. to 7 p.m.
Registration and information at www.uni.li/forumbfr