As part of its work to develop its Recommendations for consistent national reporting of data on the use of compensation tools to address misconduct risk the FSB hosted a workshop on the collection and use of data to support robust analysis of the link between compensation and misconduct risk in December 2017. This note summaries the discussion that took place at the workshop.
Senior executives responsible for control and remuneration functions at 14 large internationally active banks and officials from the FSB Compensation Monitoring Contact Group participated in the workshop. The objective was to share experiences and understand how firms manage misconduct risk using compensation tools as part of wider performance management and compensation frameworks.
The FSB welcomes any feedback on topics discussed at the workshop and summarised in this note. Comments should be sent by Friday 6 July 2018 to [email protected]. Responses will be published on the FSB website unless respondents expressly request otherwise.