Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
Qualified Mortgage - Qualified Residential Mortgage
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Deposit Insurance
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Tuesday, May 1, 2012

FSB Sound Compensation Practices Implementation

The Financial Stability Board (FSB) has released its 2011 FSB Peer Review on Compensation report. The report indicated good progress had been made in implementing the FSB Principles and Standards on Sound Compensation Practices, but that more work would be necessary to overcome the lack of full implementation by individual national authorities and to address concerns of firms regarding uneven playing fields. The report offered several recommendations for improvement, including:
  • Full implementation by national authorities to all full and consistent implementation across firms.
  • In order to address level playing field concerns national supervisors should work bilaterally to verify and address such concerns and report annually to the FSB. 
  • The FSB should undertake ongoing monitoring and public reporting on implementation as part of its coordinated framework for monitoring financial reforms. 
  • Supervisory cooperation in the area of compensation practices should be stepped up all around.
The FSB has established the Compensation Monitoring Group in order to strengthen its monitoring and public reporting on the progress of compensation practices.

Read the FSB press release and more information.
Read the 2011 FSB Peer Review on Compensation.

No comments:

Post a Comment

Please read our comment policy before making a comment.