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CITY VIEWS: WAS THE FSA'S CLIMB DOWN ON BONUSES THE ONLY SENSIBLE OPTION?

<strong>ADAM MITCHELL </strong>LLOYD'S SYNDICATE<br />&ldquo;No. The FSA&rsquo;s backtrack on bonus regulation wasn&rsquo;t necessary. In fact, they should be firmer in their monitoring. Remuneration policies need overseeing, and the FSA and the government should both take responsibility to see that bonuses don&rsquo;t get out of hand.&rdquo;<br /><br /><strong>BEN LAWLOR </strong>ASSET MANAGEMENT<br />&ldquo;We&rsquo;re in a free market, so regulation should be in the interest of the public, without limiting people&rsquo;s capacity to earn. Individuals who are performing well need to be rewarded, otherwise it will damage London&rsquo;s reputation as the financial capital of the world.&rdquo;<br /><br /><strong>&ldquo;MOODY&rdquo; MAHMOOD </strong>ULTIMATE SECURITIES<br />&ldquo;The FSA were wrong to backtrack; bonuses have got out of hand. You can argue that there will be a &lsquo;brain-drain&rsquo; if you don&rsquo;t reward bankers with large remuneration policies, but there will always be people to replace those who leave.&rdquo;