By Fiona Chan

THE days of high bonuses for bank executives are not necessarily over just because of the financial crisis, said PricewaterhouseCoopers (PwC).

But the accounting firm believes pay packages at financial institutions are likely to be more closely pegged to risks.

PwC surveyed 119 Asian financial institutions in May and found that 93 per cent expected to see changes in how firms reward employees and executives - although none wanted to start the ball rolling.

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