FSA has written to CEOs of authorised firms about remuneration policies. It stresses it expects firms to be reviewing their bonus policies in light of recent events. In particular, it threatens increased financial resources for firms with riskier business models. It includes a list of bad practices and suggested good practices, including deferring remuneration so the effects of the "bonus" activities are seen longer term and including risk management and HR in remuneration assessments, which should not be based on financial performance alone. More concrete papers will follow in the New Year.