(Reuters) – U.S. banking regulators plan to revive a proposal that would require big banks to defer executive bonuses and return most of their bonuses if losses accumulate, the Wall Street Journal reported on Friday.
Six agencies are involved in developing the plan, including the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), the report said, adding that the measure could be proposed in the coming days.
The report says the Federal Reserve is not involved in the proposal.
Executive pay has long been a hot topic on Wall Street, with critics pushing for limits and calling for stricter clawback provisions.
The FDIC declined to comment on the report, and the OCC and Fed did not immediately respond to Reuters requests for comment.