A key objective of the proposed changes is to promote compensation schemes that reflect the underlying risks taken that  4  BIS Review 106/2009  include back loading payoffs and claw back clauses that retrospectively adjust bonuses on the basis of future position losses.
Our models and forecasting techniques are quite familiar to me from my former academic life. The way monetary policy has evolved over the past few years towards more transparency and accountability, the role of monetary policy strategies in that respect, and the eminent role of communication has been heavily shaped by academic research.