Ratio (Andreas Stephan)  participates in a European project together with partners from 7 European countries under the lead of the Institute for Financial Services (IFF) in Hamburg. The study shall review and report on remuneration practices of credit institutions and investment firms and how this affects risk-taking and performance of the institutions. A report is prepared  for the European Commission Directorate-General for Justice and Consumers and the project runs from July 2015 to January 2016. The project is related to Ratios area Financing of Innovation, as banks’ internal risk policies and the providsion of bank loans for risky innovation projects are interrelated.