4  See Financial Stability Forum (2009), FSF Principles for Sound Compensation Practices, April, available on the Financial Stability Board's website. (The Financial Stability Forum has subsequently been renamed the Financial Stability Board.) Also see Financial Stability Board (2009), FSB Principles for Sound Compensation Practices: Implementation Standards, September. 4  BIS Review 135/2009  unregulated – may exceed the capacity of any individual supervisor.
Instead, we should seek to marshal the collective expertise and information of all financial supervisors to identify and respond to developments that threaten the stability of the system as a whole. The discussion draft released by Chairman Frank would advance this objective in two important ways.