FDIC wades into US remuneration debate
WASHINGTON, DC – US regulators are publicly arguing over the form regulation should take to curb inappropriate Wall Street bonuses. Federal Deposit Insurance Corporation (FDIC) chairman Sheila Bair has published an advance notice of proposed rulemaking that advocates focusing on remuneration structuring rather than the end-product bonus levels. The consultation document, released on January 12, has attracted criticism from her counterpart at the US Treasury’s Office of the Comptroller of the
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