US to limit bank bonuses

first_img Show Comments ▼ US to limit bank bonuses whatsapp Tags: NULL whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut US REGULATORS yesterday endorsed a proposal that executives at the largest financial institutions have half of their bonuses deferred for at least three years. The proposal, approved by the Federal Deposit Insurance Corp (FDIC), has yet to be approved by other US financial regulators, including the Federal Reserve and Securities and Exchange Commission.The FDIC warned that it may go further to ensure the bonuses properly align executives’ interests with investors, and is considering toughening the proposal to restrict executives from hedging deferred bonuses in the form of stock. “Whether we should be prohibiting hedging, that is an issue that is left open,” FDIC chairman Sheila Bair said.The US plan is much softer than European Union guidelines limiting top bankers to receiving 20 per cent of their annual bonuses upfront in cash. Monday 7 February 2011 9:29 pm KCS-content last_img

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