Banks vow to improve transparency
In its interim report on the crisis, the IIF admitted "major points of weaknesses in business practices and market dynamics, particularly but not exclusively related to the dramatic growth of complex structured products".
IIF chairman Josef Ackermann, the chairman of Deutsche Bank, said more transparency was vital - in risk and liquidity management, but also in pay decisions. "Incentive compensation models should be better aligned with shareholders' interests and long-term, firm-wide
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