FDIC Wants 3-Year Delay On Bonuses At Large Banks

Law360, New York (February 7, 2011, 5:01 PM EST) -- The Federal Deposit Insurance Corp. proposed a rule Monday that would delay the full payment of bonuses for executives at large financial institutions for three years, while approving changes to the deposit insurance assessment system.

Both rules brought before the FDIC's board of directors are aimed at addressing provisions included in the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was approved in July, according to the agency.

The proposed interagency rule for bonuses, which the FDIC approved for public comment Monday, is focused on...
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