Bank Bonus Rule Back in Play as Regulators Make Third Push (2)

Three US regulators took an initial step toward imposing long-delayed rules that would force lenders to claw back some pay from executives who take on too much risk.

The Federal Deposit Insurance Corp, Federal Housing Finance Agency and the Office of the Comptroller of the Currency proposed mandatory clawbacks for certain incentive-based pay for bank executives. The Federal Reserve, Securities and Exchange Commission and National Credit Union Administration must also propose and finalize the plans for them to become effective.

The plan goes further than a 2016 version that would have left clawbacks to the discretion of the ...