Fed, Treasury release pay rules

10/23/2009 | Wall Street Journal, The · Washington Post, The · Bloomberg

The Treasury Department and the Federal Reserve each announced moves Thursday to regulate bankers' compensation. The new rules are expected to influence the pay of financial firms' leading executives, traders, deal makers and others who could affect the soundness of the banks with their decisions. "Ensuring pay is tied to sufficient risk management, long-term performance and shareholder interests are goals we share, and are reflected in the industry's Guidelines for Compensation that we released this summer. We look forward to working with the Federal Reserve as this regulatory process moves forward," said SIFMA President and CEO Tim Ryan in response to the Fed's proposed rules. Read SIFMA's Guidelines for Compensation.

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Wall Street Journal, The · Washington Post, The · Bloomberg

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