The Financial Stability Board (FSB) has published its third progress report on the implementation of the FSB Principles for Sound Compensation Practices and their Implementation Standards.

The FSB notes that implementation of the Principles is now essentially completed, although several jurisdictions continue to refine their regulatory framework or guidance on compensation practices. Authorities assess the level of implementation by significant banks in their jurisdiction as medium – high, with notable improvements in the governance frameworks for compensation and in the ex ante risk adjustment of compensation to reflect risk-taking.

View FSB publishes third progress report on compensation practices, 4 November 2014