The Financial Stability Board issued a report card stating that regulators in Europe and North America are cracking down on bankers' compensation, while several developing nations, including Indonesia and Russia, have made little progress toward the effort. Last year, leaders of the Group of 20 nations supported curbing banks' pay policies that encourage excessive risk taking. "Significant progress has been made in incorporating the FSB principles and standards into domestic regulatory and supervisory frameworks," the FSB said. "But full implementation is far from complete."
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