UAE Banks Rewriting Bonus Rules | Dubai News

UAE Central Bank slams the brakes on risky bank and insurer bonuses with new rules kicking in October 11th—forcing key players to defer at least 40% (senior roles: 60%) of variable pay for 3+ years, half in stock, and introducing clawbacks if losses stem from fraud or bad calls. Boards now own accountability, must approve compensation frameworks aligned with risk strategy, and are urged to bring in independent oversight to ensure pay rewards long-term value, not short-term gains. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://www.emirates247.com/business/uae-banks-insurers-face-october-11-deadline-to-comply-with-new-bonus-and-reward-rules/5583 More coverage & latest updates:https://sources.thednn.ai/9257401056a457d4 Report issues to [email protected].