US regulators mulling bid to limit bonuses for Wall Street execs: Report - Hindustan Times
close_game
close_game

US regulators mulling bid to limit bonuses for Wall Street execs: Report

Reuters |
Apr 20, 2024 12:06 AM IST

Executive pay on Wall Street has long been a hot-button issue, with critics pushing for restrictions and arguing for more stringent clawback provisions.

US banking regulators are planning to revive a proposal that would require big banks to defer executive compensation and claw back more of their bonuses if losses pile up, the Wall Street Journal reported on Friday.

The Federal Reserve is not involved in drafting the proposal, the report said. (AFP)
The Federal Reserve is not involved in drafting the proposal, the report said. (AFP)

Six agencies, including the Federal Deposit Insurance Corp (FDIC) and the Office of the Comptroller of the Currency (OCC), are involved in developing the plan, the report said, adding that the measure could be proposed in the coming days.

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

The Federal Reserve is not involved in drafting the proposal, the report said.

Executive pay on Wall Street has long been a hot-button issue, with critics pushing for restrictions and arguing for more stringent clawback provisions.

Tell us what your First Vote will stand for in a short video & get a chance to be featured on HT’s social media handles. Click here to know more!

Get Current Updates on India News, Elections 2024,, Election 2024 Date along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Monday, May 20, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On