The Federal Reserve will regulate the banks payment system



image The Federal Reserve is creating a proposal which would regulate the amount that banks pay. This proposal would not only apply to top executives but also traders, loan officers and other employees. The rules will not be ready for a few weeks. The move for this proposal comes from both the Obama administration and Congress. It seems that just about everyone is pushing for executive payment regulations. Congress is pushing for regulations that would not just apply to banks but all financial institutions. There are supposed to be two tiers of supervision. The largest banks would be supervised the closest and the smaller banks would be given more freedom to design their own compensation plans.

ECJ




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