(Reuters) -U.S. banking regulators are planning to revive a proposal that would require big banks to defer executive compensation and claw back more of their bonuses if losses pile up, the Wall Street Journal reported on Friday.
Six agencies, including the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), are involved in developing the plan, according to the report, adding that the measure could be proposed in the coming days.
The Federal Reserve is not involved in drafting the proposal, according to the report.
Executive pay on Wall Street has long been a hot-button issue, with critics pushing for restrictions and advocating for stricter clawback provisions.
The FDIC, OCC and Federal Reserve declined to comment on the report when contacted by Reuters.
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=();t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)(0);s.parentNode.insertBefore(t,s)}(window, document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);