Wall Street Bonus Rules Return to Regulatory Agenda in Third Try
- FDIC to vote on incentive-compensation rules in coming weeks
- Two prior campaigns to pass the Dodd-Frank requirements failed
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US financial watchdogs plan to take another crack at regulating Wall Street executives’ pay — an outstanding requirement of the 2010 Dodd-Frank Act that has repeatedly failed to materialize.
The Federal Deposit Insurance Corp. aims to vote on a measure in coming weeks, according to people with knowledge of the initiative, who asked not to be identified discussing confidential deliberations. Still, the rules would have to clear a half-dozen regulators before taking effect. Two prior campaigns to do so ended unsuccessfully.