The G20 finance leaders have asked the FSB to look at bank pay and bonuses in time for a G20 leaders' summit in Pittsburgh later this month.

"More also needs to be done to make our financial system more resilient and to make sure that what we have lived through does not happen again anytime soon," Draghi told reporters.

General economic conditions are improving mainly due to government and central bank support.

"Banks should be told it's a good time to rebuild capital and when they decide about dividends, buybacks and compensation, they should have in mind the first priority to use this window of opportunity to rebuild capital stock," said Draghi, who is also Governor of the Bank of Italy.

"There is also a good case, for banks being supported by governments, to be made for public policy... the level of compensation should be reduced as to retain capital in firms to meet higher future capital requirements," Draghi said.

(Reporting by Huw Jones, editing by Stella Dawson)