In February 2011, the UK Government announced an accord between itself and the major UK banks under "Project Merlin", which includes consultation on a mandatory requirement for all large UK banks to publish the pay of their eight highest paid senior executive officers. This consultation sets out in more detail its proposals for the disclosure requirements which would require more comprehensive disclosure of information relating to the eight most senior executives than is required in relation to staff within the Financial Services Authority’s Remuneration Code, but the disclosures are less detailed than that required for executive directors of quoted companies in a directors’ remuneration report.