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FSB Issues Clarifications Over Conduct Recommendations
The Financial Stability Board (FSB) has also published an overview of responses to its public consultation on its Recommendations for national supervisors: Reporting on the use of compensation tools to address potential misconduct risk (Recommendations), which it launched in May. Overall the board says it received 11 responses from associations representing supervisors, banks, a research foundation, trade associations and a trade union. Generally, it says, most respondents voiced support for efforts to promote good conduct, improve culture and reduce the incidence of misconduct at financial institutions.

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