Robert Jenkins

Bankers’ bonuses should be deferred for as long as 10 years to hold executives accountable for risks, said Robert Jenkins, a member of a Bank of England committee charged with ensuring financial stability. “Five years might or might not be appropriate for some categories of risk, but if we are going to rely on remuneration as a key driver of financial stability then it should probably be between five or ten years,” Jenkins said in an interview yesterday in Washington. “Ten years would capture the majority of risk cycles and therefore the gains and losses that came from any risk that was taken today.” [Bloomberg, related-ish]