The Financial Stability Board unveiled a series of proposals Friday aimed at linking bank pay to a bank's capital and liquidity position, which will enable national banking supervisors to assess banks' compensation plans with a view to preserving the overall stability of the global financial system.

The guidelines of the FSB, a group of central bankers and regulators, fall short of asking banks to impose absolute caps on bonuses, but recommend that banks with insufficient capital levels limit the amount of bonuses paid as a percentage of total net revenues.

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