9 - Conclusion

Summary

This chapter concludes the key findings and arguments with respect to the practices and regulations of bankers’ remuneration in the UK and China. The reforms in the UK and China are in opposite directions. In the UK, the state needs to move forward to enhance its regulatory power over the practice of bankers’ remuneration; conversely, in China, the state should retreat from the practice and give more leeway to banks. However, influenced by the traditional institutions of the financial system, in either country, the regulation of bankers’ remuneration will not thoroughly change the allocation of power between the state and the market; nevertheless, incremental reforms can be devised to gradually improve the practice of bankers’ remuneration.