Financial Regulatory Forum

U.S. pay czar emphasizes wide “clawback” power

By Karey Wutkowski
WASHINGTON, Oct 23 (Reuters) – U.S. pay czar Kenneth Feinberg emphasized on Friday his ability to claw back pay at any company receiving a taxpayer bailout, but said such an extreme action “will be rare and far between.”

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U.K. poised to revive panel to vet bank directors – FT

LONDON, Oct 2 (Reuters) – The UK’s Financial Services Authority aims to have a regulatory committee operating by the end of the year to vet the appointment of directors to Britain’s banks, the Financial Times reported in its Friday edition.

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UBS will ‘pay a price’ in US tax case, Swiss minister says

   By Kim Dixon
   WASHINGTON, July 7 (Reuters) – Swiss bank UBS AG has made mistakes and will likely have to pay a price to settle the U.S. government’s tax case against it, Switzerland’s domestic economy minister said on Tuesday. (more…)

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