Long-dormant efforts to restrict Wall Street pay have returned to the agenda as regulators make another push to address unfinished business from a 2010 financial overhaul.
Banking regulators are planning to revive a proposal that would require big banks to defer compensation for executives and take back more of their bonuses if losses pile up, according to people familiar with the matter.
Officials from the six agencies involved in developing the restrictions, including the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency—are pushing to propose the measure in the coming days, the people said. It would likely be substantively similar to a 2016 plan that was never completed.
There is no guarantee the agencies will proceed, and getting the rules approved may be a tall order.
Regulators Restart Bid to Curb Bonus Pay on Wall Street – WSJ
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