The G20 Leaders in the November 2011 Cannes Summit Declaration, called on the FSB to "undertake an ongoing monitoring and public reporting on compensation practices focused on remaining gaps and impediments to full implementation of these standards and carry out an ongoing bilateral complaint handling process to address level playing field concerns of individual firms".

Compensation practices is one of the designated priority areas under the FSB's Coordination Framework for Implementation Monitoring (CFIM). All priority areas undergo more intensive monitoring and detailed reporting via periodic progress reports and peer reviews.

The Compensation Monitoring Contact Group (CMCG) under the FSB Standing Committee on Standards Implementation (SCSI) is responsible for monitoring and reporting on national implementation in this area and on the results of the bilateral complaint handling process, a mechanism by which national supervisors from the FSB member jurisdictions work together to verify and, as needed, address specific compensation-related complaints by financial institutions that give rise to level playing field concerns.