(Reuters) – U.S. banking regulators plan to revive a proposal that would require big banks to delay executive pay and claw back more of their bonuses as losses pile up, Wall Street reported Journal Friday.
Six agencies, including the Federal Deposit Insurance Corp (FDIC) and the Office of the Comptroller of the Coin (OCC), are involved in developing the plan, the report said, adding that the measure could be proposed in the coming days .
The Federal Reserve was not involved in drafting the proposal, the report said.
The pay of top executives on Wall Street has long been a hot topic, with critics calling for restrictions and stricter clawback provisions.
The FDIC, the OCC and the Fed declined to comment on the report when contacted by Reuters.
