As world leaders met in Pittsburgh on September 25 and prepared to sign off on the latest G20 communiqué, the Financial Stability Board, the body charged with designing a new regulatory system, was preparing to publish its own document.

The report, a six-page document outlining new rules for pay in the banking sector, was endorsed in full by the G20 leaders, and was one of two that the international body published that day - the other being focused on improving financial regulation as a whole.