The FT is reporting today that the FSA has finally produced its remuneration code on how bankers should be paid. I have only seen the headlines and brief summary of the proposals, but it seems that the FSA has shied away from being too prescriptive for fear of driving bankers abroad to less tightly regulated markets. Expect a deluge of criticism to fall on top of the FSA, whose days are numbered if the Tories return to power at the next election.