FDIC Board to Vote on Bank Compensation, New Insurance Fees
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The Federal Deposit Insurance Corp.’s board of directors meets Monday to vote on a proposed rule to limit executive pay and a final rule to impose higher fees on bigger lenders, the agency said today.
The board has been considering new rules to ban pay practices that encourage what regulators consider excessive risk-taking. The rules, required under the U.S. Dodd-Frank financial overhaul law which was enacted in July, are expected to require more deferred compensation for bank executives.