US banking regulators are considering reintroducing a proposal to defer executive compensation and enhance bonus clawbacks at large banks.
US banking regulators, led by the FDIC and OCC, are considering reintroducing a proposal that mandates large banks to defer executive compensation and requires them to reclaim more bonuses if they suffer significant losses. This measure could be proposed in the coming days and aims to curb risky behavior among executives. Executive pay on Wall Street has been a contentious issue, with critics advocating for stricter regulations and stronger clawback provisions. The Federal Reserve is not involved in drafting the proposal.
April 19, 2024
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