The Government of France, from 11 publishing announced that former President of the International Monetary Fund, the former Governor of the Central Bank of France · Michel Camdessus day officially assumed the Ombudsman for the financial industry salary France.
The Communique says, the Camdessus's primary responsibility is to monitor the financial remuneration of employees. Subject to its monitoring of the key is to accept France Government support of all major banks, including Bank, Societe Generale Bank in Paris, agricultural credit banks, people-savings bank group, business mutual Bank and Dirk summer Bank.
France's economic, financial and employment Department, said the big banks to provide remuneration mechanism Camdessus and issuance standards and other information, in particular the Bank before the top 100 executives and staff. Camdessus can pay system or personal salary recommendations, or on the Bank's Board of directors or shareholders ' request, if needed he may also require the Central Bank under the Bank's Commission for investigation. France's Central Bank Governor of Noyers indicates that, once the Bank has identified breaches will take sanctions.
25 August this year, President Sarkozy in France to the trader bonus system "fire" when they made this appointment. Camdessus term length according to the specific circumstances of the case. The Government of France on the Bank's support policies will be phased out, the policy was completely abolished by the end of the year will be retiring Camdessus.
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