FSB to probe banks’ progress on pay

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The Financial Stability Board (FSB) on Saturday launched a review of compensation practices aimed at financial institutions themselves.

The board said at the conclusion of its first plenary meeting for the year that the exercise, termed a peer review, would gather data from significant financial institutions, on how they have set about implementing the pay standards it set out last year.

The FSB published its principles for compensation practices last year, and these standards were endorsed by t

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