Skip to content

Wall Street Bonus Rules Should Be Revisited at Fed, Raskin Says

  • Dodd-Frank Act regulation has been delayed for decade
  • Fed supervision nominee says she wants to implement law
Video player cover image
Raskin Says Bonus Rules Should Be Revisited at Fed

Sarah Bloom Raskin said she’s keen to revisit sweeping limits on Wall Street bonuses if she is confirmed to be the Federal Reserve’s top banking watchdog. 

Regulators have tried unsuccessfully several times to write wide-ranging rules to rein in bonuses at financial firms, which was required by the 2010 Dodd-Frank Act. Raskin said she’s committed to working with other regulators to restart those efforts as the Fed’s vice chair for supervision.