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G-20 Nears Agreement on Banker Pay, Policy Coordination as Crisis Recedes

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"World leaders are poised to crack down on banker pay and better coordinate economic policies as they seek to temper the excesses that helped trigger the worst financial crisis in seven decades," according to Bloomberg. "President Barack Obama and other Group of 20 leaders meeting in Pittsburgh are uniting behind a plan to force banks to tie compensation more closely to risk and tighten capital requirements, while they agreed to maintain stimulus measures to spur the global economy, said officials from G-20 governments."Isn't compensation tied to risk sort of the problem? More risk = more compensation, thus more risk-taking.
SOURCE:   Bloomberg