Dear Reader
Have you ever read FINMA Circular on remuneration systems? Have you ever thought about who regulates our regulators? Some clamor for new rules, others wonder if rules ever work. Some remember American President Woodrow Wilson. To restore lasting peace in Europe after the First World War, he came with a set of 14 rules. „Why?“ exclaimed Georges Clemenceau, „fourteen? Ten were good enough for God Himself!“
As a Christian, not as a banker: have a nice week!
Maurice Pedergnana
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Prof. Dr. Maurice Pedergnana, Direktor der SECA Swiss Private Equity & Corporate Finance Association unterrichtet am IFZ und ist Studienleiter des MAS Bank Management.
