FSB's Draghi says banks need to focus on rebuilding capital:

09/7/2009 | Reuters

Finance ministers from the Group of 20 nations asked the Financial Stability Board to scrutinise banker remuneration before the G-20 summit later this month. There is an argument for limiting compensation packages at financial institutions that received state aid, said FSB Chairman Mario Draghi, and all banks should work on building their capital. "Banks should be told, first of all, it's a good time to rebuild capital, that when they decide about dividends, share buybacks and compensation, they should have in mind the first priority to use this window of opportunity now to rebuild their capital stock," Draghi said.

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