Financial Regulatory Forum

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

By Reuters Staff
October 23, 2009

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.”

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

By Reuters Staff
October 2, 2009

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.

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

By Reuters Staff
July 7, 2009

   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…)