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ARTICLE · 01 DECEMBER 2015

Financial Stability Board Publishes Progress Report On Compensation Practices

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On November 10, 2015, the Financial Stability Board published its fourth progress report on implementing the FSB's principles for sound compensation practices and their implementation standards.

GlobalFinance and Banking
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On November 10, 2015, the Financial Stability Board published its fourth progress report on implementing the FSB's principles for sound compensation practices and their implementation standards. The progress report states that almost all FSB jurisdictions have fully implemented the principles and standards for banks which were issued in 2009. The FSB report also states that: (i) the oversight of compensation practices has been embedded in bank supervisory frameworks in most jurisdictions; (ii) several jurisdictions have shown an increase in the fixed portion of remuneration in 2014 compared to 2011; and (iii) compensation and risk governance frameworks are increasingly linked.

The report is available at: http://www.financialstabilityboard.org/wp-content/uploads/FSB-Fourth-progress-report-on-compensation-practices.pdf.

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