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Risk And Compensation Linkages Need Further Strengthening

With financial regulators devoting a great deal of focus on pay and bonus practices globally - and new rules in this area being proposed in the U.S. - a new survey from Deloitte finds that 37% of financial institutions reported that they had completely or substantially incorporated risk management considerations into their overall performance goals and compensation decisions.

Cowen Group To Acquire Labranche & Co

Cowen Group, Inc. ('Cowen') and LaBranche & Co Inc. ('LaBranche') have announced a definitive merger agreement under which Cowen will acquire LaBranche, a market-maker in options, exchange- traded funds and futures on various exchanges domestically and internationally.