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US regulators looking at banker pay restrictions in event of bank failure, Chopra says

By Neil Roland ( April 11, 2023, 22:05 GMT | Insight) -- Rohit Chopra, head of the US Consumer Financial Protection Bureau, said regulators are considering ways to limit or defer senior bankers’ stock options, with the possibility that they would be forfeited in the event banks collapse, as Silicon Valley Bank did. “We can’t have a system where executives can take huge risks that blow up years down the road, but can pocket big sums of money and stock options, and they can fly the coop before the damage wrecks the bank,” he said.Rohit Chopra, head of the US Consumer Financial Protection Bureau, said regulators are considering ways to limit or defer senior bankers’ stock options, with the possibility that they would be forfeited in the event banks collapse, as Silicon Valley Bank did....

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