On 7 May 2018, the FSB published a consultative document on Recommendations for consistent national reporting of data on the use of compensation tools to address misconduct risk (“Recommendations”). The FSB received 11 responses from associations representing supervisors, banks, a research foundation, trade associations and a trade union.
This note summarises the main points from the responses, including to the specific questions set out in the consultation and provides an overview of the response to those comments, including changes made to the Recommendations.