The Globe and Mail reports in its Monday edition that it did not pay to get fired at Bank of Nova Scotia over the past two years. The Globe's Andrew Willis writes that the country's banks now report how much they handed out in severance packages to their top employees. Details on farewell cheques are one element of a larger campaign by regulators to increase disclosure around compensation and risk, a crusade that began a decade back in the wake of the global financial crisis. In simple terms, if an employee puts meaningful amounts of the bank's capital at risk as part of their job, regulators want to know how that person is getting paid. Scotiabank shines for shareholders, but is tough on employees. Scotiabank parted with a total of 18 executives over the past two years, while CIBC cut loose 29 "material risk-takers." Scotiabank paid a total of $16-million to departing senior employees, or an average of $890,000 for each severance package. This is significantly less than the farewell payments that rivals handed out. At Bank of Montreal, saying goodbye meant packages that averaged $1.72-million to each of its 28 ex-employees, the high water mark for severance pay among domestic banks.