We already see a lot of regulation nowadays from curbing trader bonus to reduce bank’s risk exposure.
Do you think politicians worldwide nowadays are all trying to please Main Street by disrupting Wall Street? Looks like Wall Street lobbyist strategy no longer perform well.
EU brought in regulation to cap bonus’s at 100% of salary, believe it’s 200% with some specific clause. It’s why salary’s jumped up earlier this decade to compensate. Kind of self defeating really since there’s less money to be clawed back from a multi-year vesting period, as fundamentally the total comp amounts really didn’t go down that much. Nevertheless, it was the headline regular people wanted to see following ‘08.
Obviously, there’s way to get around it in the form of “expenses”, which I believe is more in play for some of the bigger names. Whilst they could certainly put the effort in to do the same for most people, if all banks don’t do it there’s no need to. Always easy to fall back on the “sorry Jim, regulation says no” reason.
I don’t see regulation regressing. S&T will continue to evolve. If things didn’t change for the better under a majority conservative regime, they will certainly not change under a more progressive political system
Incoming administration is very Wall Street friendly but certainly less hands-off than the outgoing one. It's a bit of a tough question, Dodd-Frank is absurdly convoluted and doesn't really accomplish what it sets out to do. The only real meaningful way forward is to make things a lot simpler, but also more drastic (ie more like Glass-Steagall).
Et et velit blanditiis fuga molestias suscipit. Eos et atque incidunt qui possimus. Iure facilis aut magni aut asperiores quia. Aspernatur nihil natus nemo quis optio in.
Enim esse impedit accusantium tempora quo optio eos at. Laudantium laborum nobis impedit mollitia dolorem aut nesciunt quis. Sit autem vel saepe qui mollitia. Atque neque distinctio repellat magni vel facere aut. Saepe officia a voluptatum.
Perspiciatis fuga veritatis et. Aut quas aspernatur natus quod commodi sit ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
We already see a lot of regulation nowadays from curbing trader bonus to reduce bank’s risk exposure.
Do you think politicians worldwide nowadays are all trying to please Main Street by disrupting Wall Street? Looks like Wall Street lobbyist strategy no longer perform well.
Can you name specifically which regulation is “curbing traders bonus”? Curious
EU brought in regulation to cap bonus’s at 100% of salary, believe it’s 200% with some specific clause. It’s why salary’s jumped up earlier this decade to compensate. Kind of self defeating really since there’s less money to be clawed back from a multi-year vesting period, as fundamentally the total comp amounts really didn’t go down that much. Nevertheless, it was the headline regular people wanted to see following ‘08.
Obviously, there’s way to get around it in the form of “expenses”, which I believe is more in play for some of the bigger names. Whilst they could certainly put the effort in to do the same for most people, if all banks don’t do it there’s no need to. Always easy to fall back on the “sorry Jim, regulation says no” reason.
Bump
I don’t see regulation regressing. S&T will continue to evolve. If things didn’t change for the better under a majority conservative regime, they will certainly not change under a more progressive political system
Incoming administration is very Wall Street friendly but certainly less hands-off than the outgoing one. It's a bit of a tough question, Dodd-Frank is absurdly convoluted and doesn't really accomplish what it sets out to do. The only real meaningful way forward is to make things a lot simpler, but also more drastic (ie more like Glass-Steagall).
Et et velit blanditiis fuga molestias suscipit. Eos et atque incidunt qui possimus. Iure facilis aut magni aut asperiores quia. Aspernatur nihil natus nemo quis optio in.
Enim esse impedit accusantium tempora quo optio eos at. Laudantium laborum nobis impedit mollitia dolorem aut nesciunt quis. Sit autem vel saepe qui mollitia. Atque neque distinctio repellat magni vel facere aut. Saepe officia a voluptatum.
Perspiciatis fuga veritatis et. Aut quas aspernatur natus quod commodi sit ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...