Powell ‘solely responsible’ for delays on banker compensation reform: Warren ...Middle East

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Powell ‘solely responsible’ for delays on banker compensation reform: Warren
source : The Hill ( Middle East ) () 23
Sen. Elizabeth Warren (D-Mass.) is growing increasingly aggravated with regulatory delays at the Federal Reserve and is calling on Fed Chair Jerome Powell to step on the gas. Warren’s latest point of frustration is the banker compensation section of the Dodd-Frank reforms, which were enacted in 2010 after Congress bailed out the financial sector and demanded that Wall Street take fewer risks. Fourteen years later, the Section 956 regulations that would block bankers from getting bonuses as a result of placing high risk bets with company assets are still not in place and Warren is putting the blame squarely on Powell’s shoulders. “You appear to be solely responsible for blocking S

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