U.S. regulators are rushing to issue sweeping limits on Wall Street pay by January, said people familiar with the effort, before President-elect Donald Trump begins replacing officials installed by Barack Obama.
The rule on finance industry bonuses is the last major unfinished piece of the Dodd-Frank Act, which was created to strengthen regulations and prevent a repeat of the 2008 economic crisis. The government agencies are making last-minute adjustments to the measure to complete it within the next two months, according to two people who asked not to be named because the process isn’t public.
