FSB follow-up report on compensation practices

The Financial Stability Board has published a second review - see here (pdf) - of the progress made by national authorities and significant financial institutions in implementing the FSB's Principles for Sound Compensation Practices (here, pdf) and Implementation Standards, (here, pdf). Good progress, with more to be done, is the key message and, in this regard, the report makes several recommendations. A summary of the report and its recommendations is available in the accompanying press release: see here (pdf).