Financial Regulatory Forum

BREAKINGVIEWS-Sarkozy’s anti-market rhetoric misconceived

By Reuters Staff
January 28, 2010

– The author is a Reuters Breakingviews columnist. The opinions expressed are his own –

BREAKINGVIEWS – Goldman bonus delay raises puzzling questions

By Reuters Staff
January 19, 2010

– The author is a Reuters Breakingviews columnist. The opinions expressed are his own –

Deutsche Bank raises salaries as bonus tax looms

January 19, 2010

    FRANKFURT, Jan 19 (Reuters) – Deutsche Bank <DBKGn.DE> is raising fixed salaries for staff and cutting variable pay, Germany’s flagship lender said on Tuesday as regulators and politicians pursue a clampdown on bonuses.
   Deutsche Bank said the move arose from a review to ensure pay “remains competitive”.  (more…)

Obama proposes U.S. bank fee, slams Wall Street

By Reuters Staff
January 14, 2010

By Caren Bohan and Alister Bull

WASHINGTON, Jan 14 (Reuters) – U.S. President Barack Obama on Thursday proposed Wall Street banks pay up to $117 billion to reimburse taxpayers for the financial bailout, as he slammed bankers for their “massive profits and obscene bonuses.”

US FDIC floats plan to tie bank pay to fee levels

By Reuters Staff
January 12, 2010

By Karey Wutkowski

WASHINGTON, Jan 12 (Reuters) – U.S. banks whose compensation plans encourage risk-taking would have to pay more for deposit insurance under a proposal floated by the Federal Deposit Insurance Corp on Tuesday.

Citi could sell $20 billion of shares soon to repay TARP – CNBC

By Reuters Staff
December 9, 2009

NEW YORK, Dec 9 (Reuters) – Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.

No plan yet to extend banker pay rules – UK’s FSA

December 8, 2009

LONDON, Dec 8 (Reuters) – Britain’s financial watchdog said on Tuesday it had no plans to alter existing curbs on bankers’ bonuses and remuneration, or to extend them beyond the banking sector, until it reviews the rules in the middle of next year.

Facing defeat, UK government targets deficit, bank pay

By Reuters Staff
November 18, 2009

By Keith Weir and Matt Falloon
LONDON, Nov 18 (Reuters) – Britain’s Labour government promised on Wednesday to halve its huge budget deficit and curb bankers’ pay in the hope of reviving its popularity before a national election next year.

Swiss regulate bankers’ pay to curb risk-taking

By Reuters Staff
November 11, 2009

ZURICH, Nov 11 (Reuters) – Switzerland’s biggest banks and insurers will have to adhere to new compensation rules requiring them to defer the bulk of managers’ bonuses and to strictly align pay to performance, Swiss regulators said on Wednesday.

US bank regulator sees risk in pay czar rulings

By Reuters Staff
October 26, 2009

   By Karey Wutkowski
CHICAGO, Oct 26 (Reuters) – A top U.S. bank regulator said on Monday that there is “very real concern” that some large financial firms that have received massive taxpayer bailouts could be harmed by the rulings of the Obama administration’s pay czar.Comptroller of the Currency John Dugan said pay czar Kenneth Feinberg has a difficult challenge to both rein in outsized paychecks at the seven firms he has jurisdiction over, while not being so harsh that top performers leave the companies.