Fed to issue US bank pay guidelines Thurs-source

The Federal Reserve will issue new bank pay guidelines on Thursday designed to curb excessive risk taking, an industry source said.

The guidelines are expected to apply to any employee able to take risks that could imperil an institution, not just the executives whose large bonuses have been the target of public outrage.

The proposed rules will be aimed at all firms the Fed regulates and be enforceable under its existing powers.

Read Full Article from Reuters

- Posted: 2009-10-22 12:49:22

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