Although Mr. Turner’s remarks focused on Britain, in recent weeks a small group of senior regulators, central bankers and government officials working under the framework of the Financial Stability Forum have been preparing a proposal that they hope will be endorsed by political leaders at the coming Group of 20 summit meeting in early April.

Image Adair Turner, head of the Financial Services Authority in Britain, released a report Wednesday on responses to the global banking crisis. He has also outlined plans for overseeing bankers pay. Credit... Alastair Grant/Associated Press

Prepared by a panel headed by Philipp Hildebrand, the vice chairman of the Swiss National Bank, the report will effectively back the financial authority’s approach to pay. It proposes that national regulators ensure that compensation awards at financial institutions are based not just on profitability but also on the extent to which a trader or banker did not take excessive risk in order to generate high returns.

Deferred payout plans and clawback measures would also be proposed.

“The system is dysfunctional now, so you need something to break the pattern,” said Gary Lutin, an investment banker and public critic of executive compensation levels.

Still, he said, it is one thing for regulators to promise to crack down on pay and quite another for them to actually do it.

Traditionally, the Securities and Exchange Commission in the United States and the Financial Services Authority in Britain  both of which contributed to the report  have supervised areas like capital adequacy and broad compliance with securities law.

They have limited their involvement in pay issues to trying to restrain bonuses at financial institutions receiving public funds, and even there they have generally moved cautiously and on an ad hoc basis.

But there are signs that governments are going to play a much more active role even after the good times return.