The House FinServ Committee examined executive compensation during a poorly-attended Friday hearing. In sharp contrast to the ferocious debate over executive pay in prior sessions, the hearing was calm, focusing in part on the need now to get international standards to avoid competitive harm.  Regulators in the first panel told the committee that the tools given to them in the Dodd-Frank Act (See FSM Report COMPENSATION30) are sufficient, but that they will return if they need to ask for additional powers.  The FRB stated that it is completing horizontal compensation reviews of the largest banks, providing no details on its findings other than to indicate it is not finding efforts now to game the rules.  SEC staff detailed the schedule for its portions of the Dodd-Frank compensation requirements.  This report analyzes today’s session.

The full report is available to retainer clients.  To find out how you can sign up for the service, click here.

.