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Last year, the FSA Remuneration Code was adopted as part of the financial regulator's response to the current financial crisis, in order to more tightly regulate the remuneration practices of the largest UK banks, building societies and broker dealers
HM Treasury has now published the Financial Services Bill which, if enacted, will give the Treasury power to make Regulations concerning the disclosure of remuneration and will require the FSA to require regulated companies to have remuneration policies that are consistent with effective risk management and international standards, including those adopted by the G20
