Compensation Reform To Target Structure: Regulators

Law360, New York (September 24, 2010, 2:52 PM EDT) -- Regulators told the House Committee on Financial Services on Friday that executive compensation reform under the Dodd-Frank Wall Street Reform and Consumer Protection Act will focus on the way incentives are structured, rather than the amount of money lavished on executives.

The Federal Reserve System, the U.S. Securities and Exchange Commission and the Federal Deposit Insurance Corp. agreed that the purpose of the act was not to regulate pay levels for executives but reform compensation structures to safeguard against systemic risk.

Rather than regulate the amount...
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