The Financial Stability Board (FSB) issued a 6-page Principles document dealing with remuneration and immediately following the announcement of the G20 Final Communique, which outlined the French-led bonus regulation agreement.

The FSB is a very new body and established:


…to address vulnerabilities and to develop and implement strong regulatory, supervisory and other policies in the interest of financial stability. 

It comprises senior representatives of national financial authorities (central banks, regulatory and supervisory authorities and ministries of finance), international financial institutions, standard setting bodies, and committees of central bank experts.