Your English writing platform
Discover LudwigSuggestions(2)
Exact(2)
AIG became a symbol for excessive risk on Wall Street and a touchstone of public anger.
So what does the bill do about abusive financial products and curbing financial firms' appetites for excessive risk?
Similar(55)
Incentives for excessive risk-taking will revive, and so will the lobbying power of banks and other financial firms.
In short, Professor Bebchuk said in an interview, bank chief executives generally have an incentive for "excessive risk-taking".
If Congress can't legislate away the financial rewards for excessive risk-taking, it can at least try to tax them.
Blanket guarantees can ultimately be very costly, particularly when banks view such promises as a licence for excessive risk-taking.
Goodwin was deprived of his on Tuesday after a report into the near collapse of RBS by the Financial Services Authority criticised him for excessive risk-taking.
Instead of performing worse, the banks whose C.E.O.'s had the greatest incentives for excessive risk-taking fared better, on average, than others.
The action would also threaten to inflame tensions in Washington, where the company has become a byword for excessive risk-taking on Wall Street.
In a speech to a City audience at the Mansion House, Turner said that there had been "some absurd bonuses for excessive risk-taking" and admitted that bonuses needed to be regulated to discourage the practice.
He has also said the government should more actively regulate executive compensation, not just at companies that are receiving federal bailout money, but at all companies that might be providing incentives for excessive risk-taking.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com