Comptroller Dugan voices ‘concerns’ against FDIC compensation rules
The US Office of the Comptroller of the Currency (OCC) has issued a statement criticising the Federal Deposit Insurance Corporation’s (FDIC) advanced notice of proposed new executive compensation rules.
Comptroller of the currency John Dugan said that while inappropriate remuneration packages may have encouraged excessive risk-taking in the financial sector prior to the crisis, he has some major concerns with the FDIC proposals.
Firstly he says Advanced Notice of Proposed Rule-making (ANPR) is
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