Gives the key elements of a sound remuneration system consistent with effective risk management: governance (board and remuneration committee oversight, independence of control functions' remuneration), the structure of remuneration, measurement of performance for variable remuneration adjusted for risk, alignment of payouts with the time horizon of risks (deferral, vesting, malus and clawback), the HKMA's supervisory approach, and the remuneration disclosures expected and their frequency. Classification: a non-statutory guideline issued as a guidance note; version V.3, 29.07.21; applies to all AIs.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.