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Washington
Inside Washington (12/21/2010)
* WASHINGTON (12/22/10)--Large financial firms could be forced to award more than half of their executives’ pay as stock or deferred compensation, under a proposal under consideration by U.S. regulators (Reuters Dec. 21). The move would discourage the excessive risk-taking by giant companies that contributed to the financial crisis (The Wall St. Journal Dec. 21). The discussions among the Federal Reserve, Securities and Exchange Commission and other federal banking agencies are a result of the Dodd-Frank financial-overhaul law, which directs regulators to ban any bonus plan that “encourages inappropriate risks” at financial firms with more than $1 billion in assets …


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