Paul Tucker, deputy governor of Bank of England delivered a speech on the "Financial Crisis and G20 Financial Regulatory Reform: An Overview" at the Financial Stability Board and Korean G20 Presidential Committee Conference in September. Tucker highlighted the importance of capital and liquidity, transparency and reducing reliance on credit ratings. Tucker also suggested that deferred compensation should be in the form of debt contract, so that managers and workers in large firms eventually become creditors of the firm themselves and have the same risks as other debt holders.