FSB: risk managers should advise on compensation


The Financial Stability Board (FSB) has recommended that firms' compensation committees feature at least one risk manager, an element of best practice included in a follow-up peer review report on compensation practices released yesterday. The peer review is the second to follow the publication of the FSB's principles for sound compensation practices in 2009 – the board released a thematic review in March 2010 – and examines the extent to which implementation of the suggested stan