FSB to improve monitoring of compensation practices
The Financial Stability Board (FSB) has set up a complaints mechanism as well as a network of national experts to monitor and review compensation practices at financial institutions around the world. The FSB was tasked in 2009 with developing a framework to align employees' risk-taking incentives with the long-term profitability of a financial institution.
Compensation paid to financial services executives has proven a contentious issue in a number of jurisdictions in the aftermath of the global
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