Banking Regulators Say Banks Encouraged “Imprudent Risks” With Flawed Pay Incentives

Regulators Tell Bankers That Pay Should Be “Risk Adjusted” June 21, 2010 – The nation’s top banking regulators today moved to curb flawed incentive compensation plans that encouraged banking employees to take imprudent risks.  Citing pay practices that contributed to the recent financial crisis, regulators issued financial institutions final guidance  to ensure that incentive compensation […]