The Financial Stability Board (FSB) issued today Implementation Standards for the FSB Principles for Sound Compensation Practices.
The standards respond to a call by the G20 Finance Ministers and Governors for the FSB to set out for the Pittsburgh Summit detailed specific proposals on compensation governance, structure and disclosure to strengthen adherence to the FSB Principles, issued in April 2009.
The standards focus on areas in which especially rapid progress is needed, including:The report is available on the FSB’s website, www.financialstabilityboard.org.