Because of new compensation regulations in the United States, United Kingdom and other countries, financial services companies are placing greater focus on talent management and rewards beyond pay in an effort to attract, retain and engage top talent, according to a poll of financial services executives conducted by Towers Watson, a global professional services company.

Additionally, respondents are evenly divided regarding the current regulatory environment's effect on risk taking in the industry.

Half of the respondents recognize little or no impact on risk taking in their organizations due to the recent regulations; however, the other half of respondents say pay structure regulations have at least moderately impacted their organizations. Seven percent of respondents say the new regulatory structure has had a significant impact, and another 7 percent of respondents say pay structure regulation has fundamentally changed how the industry views risk taking.

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