Financial Regulatory Forum

from Funds Hub:

Rasmussen gives the bankers both barrels

March 18, 2010

RTXBHPA_Comp.jpgPoul Nyrup Rasmussen's visits to London are always value for money, and today was no exception as the president of the party of European socialists launched into a tirade against banker bonuses.

Swiss regulator cuts UBS bonus pool – report

January 18, 2010

   GENEVA, Jan 17 (Reuters) – Swiss regulators have cut the proposed bonus pool at UBS <UBSN.VX>, which needed a state rescue in 2008, by about one quarter, Swiss weekly Sonntags-Zeitung said on Sunday. (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.”

Obama, New York law chief Cuomo target Wall Street bonuses

By Reuters Staff
January 11, 2010

By Caren Bohan and Jonathan Stempel

WASHINGTON/NEW YORK, Jan 11 (Reuters) – The White House and and New York’s top prosecutor attacked excessive Wall Street bonuses, as the nation’s biggest banks prepare to hand out awards critics say were made possible by taxpayer bailouts.

Westlaw Business Analysis: SEC Cracks Down on Holdback of Material Schedules

December 23, 2009

WLB-logoWestlaw  business applies a legal lens to the SEC’s latest moves (more…)

Goldman top executives to take bonuses in stock

By Reuters Staff
December 10, 2009

By Steve Eder

NEW YORK, Dec 10 (Reuters) – Goldman Sachs Group Inc plans to pay top managers their 2009 bonuses in stock, rather than cash, as it seeks to deflect outrage over a near-record pay haul months after it repaid billions of dollars in taxpayer aid.

The disappearing Wall St “bonus,” but in name only

November 24, 2009

   By Karey Wutkowski and Steve Eder
   WASHINGTON, Nov 23 (Reuters) – “Bonus” has become a dirty word on Wall Street, prompting image consultants to advise the biggest financial firms to use euphemisms that carry less stigma as the season of lavish payouts approaches. (more…)

U.S. pay czar vows to rework 2010 AIG bonuses

By Reuters Staff
October 28, 2009

Kenneth Feinberg, special master for executive compensation under the Troubled Asset Relief Program at the Treasury Department, testifies  before the House Oversight and Government Reform committee during a hearing on ?Executive Compensation: How Much is Too Much?? on Capitol Hill in Washington October 28, 2009. The Obama administration's pay czar said on Wednesday that renegotiating guaranteed bonus contracts at American International Group's AIG Financial Products unit was a top priority for him in 2010.   REUTERS/Yuri Gripas (UNITED STATES POLITICS BUSINESS)   By David Lawder
WASHINGTON, Oct 28 (Reuters) – Renegotiating bonuses to American International Group employees is a “top priority,” the Obama administration’s pay czar said on Wednesday, adding he believes he can do so without losing key employees.

U.S. slashes pay at seven bailed out firms, cuts cash up to 90 percent

October 22, 2009

   WASHINGTON, Oct 22 (Reuters) – The U.S. Treasury’s pay czar on Thursday slashed overall pay by more than half for top earners at seven companies that received massive taxpayer bailouts, and ordered that most of their salaries be paid in the form of long-term company stock. Kenneth Feinberg, charged with approving or renegotiating pay contracts for the 25 highest-paid employees at the seven banks and automakers, said their cash compensation for 2009 would drop by more than 90 percent compared to 2008.

FSA says bank bonuses should take account of govt help

October 19, 2009

   LONDON, Oct 19 (Reuters) – Britain’s financial regulator said on Monday banks should consider their wider responsibility to society and “soft” government guarantees that have helped to support them, before deciding on bonus payouts later this year. (more…)