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Wall Street Bonus Rules Seen as Urgent Ahead of Trump Takeover

By Tony Seruga

Regulators rushing to finish compensation limits by January
Incentive pay rule targets excessive risk taking at banks

U.S. regulators are rushing to issue sweeping limits on Wall Street pay by January, said people familiar with the effort, before President-elect Donald Trump begins replacing officials installed by Barack Obama.

The rule on finance industry bonuses is the last major unfinished piece of the Dodd-Frank Act, which was created to strengthen regulations and prevent a repeat of the 2008 economic crisis. The government agencies are making last-minute adjustments to the measure to complete it within the next two months, according to two people who asked not to be named because the process isn’t public…

Wall Street Bonus Rules Seen as Urgent Ahead of Trump Takeover

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