Deloitte expert to advise MPs on bonuses

The all-party Commons Treasury Committee has invited Deloitte partner Carol Arrowsmith, among other expert witnesses, to advise MPs on the effect of excesses in remuneration and incentive packages for bankers and senior bank staff.

The session takes place at 2.30 pm this Wednesday, 19 November.

A statement from the committee said it was concerned at the relationship between the structure of remuneration packages and excessive risk-taking within financial institutions and would look at how incentives can be restructured to best promote long-term sustainable growth and financial stability, both at the institutional and system-wide levels.

MPs also want advice on the extent to which the FSA should intervene, the role of board remuneration committees and shareholders, the need for a coordinated/international approach and good practice on the disclosure and transparency of arrangements.