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12 CFR § 2.5 - Bank compensation.
And yet the year 2010 brought the largest bank compensation in history.
Last fall, he represented Goldman before a Senate panel that focused in part on bank compensation.
And regulators, with increased powers to oversee bank compensation, may be anticipating modest efforts to skirt the new rules.
The Fed, meanwhile, plans to formally approve a final set of best practices for bank compensation within the next few months.
Switzerland announced watered-down measures to limit bank compensation Wednesday, imposing no caps on bonuses and excluding all but the country's biggest financial services companies from mandatory compliance.
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The government is canvassing complicated proposals to increase banks' compensation to depositors whose money they lose in future.
The F.D.I.C. board, in a 3-2 vote, approved a preliminary plan to tie the fees that the F.D.I.C. charges banks to fill its insurance fund to the banks' compensation practices.
The F.D.I.C. proposal seeks input on a possible model for banks' compensation policies that would include payment in restricted company stock for a large portion of pay for employees whose work is deemed potentially risky.
If the plan were adopted, banks' compensation structures would be added to the other risk factors now taken into account by the F.D.I.C. in assessing fees, including diminished reserves against risk and reliance on higher-risk so-called brokered deposits.
Attention has increasingly centered on banks' compensation plans since legislation was passed in both Switzerland and across the European Union to cap the size of bonuses for high-flying executives and traders.
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