US attempt to limit Wall Street bonuses fizzles out quietly
Regulatory agenda confirms work on 2010 Dodd-Frank Wall Street reform law has stopped
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Washington
THE regulatory agenda released by the Trump administration on Thursday contained a signal that the US government has halted its work on restricting Wall Street executive's bonuses and other pay incentives.
The 2010 Dodd-Frank Wall Street reform law called for federal banking and securities regulators to create limits on incentive-based compensation at big financial companies and prevent executives from receiving outsized rewards for overly risky gambles.
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