TALF will not force banks to restrict remuneration
The TALF scheme, launched on March 3 by the US Treasury and the Fed, will not include restrictions on executive remuneration for participating institutions after the clauses were dropped from the scheme. A frequently asked questions document published on the Fed website revealed that compensation limits, which would have been imposed on banks receiving aid through the TALF plan, have been removed. "Given the goals of the TALF and the desire to encourage market participants to stimulate credit
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