US Department of the Treasury
Proprietary raiding
US President Obama in January unveiled a proposal to prevent banks from owning, investing in or sponsoring hedge funds, private equity funds or proprietary trading operations for their own profit. What do authorities mean by ‘prop trading’ and how…
Paying by the rules
As the US Treasury’s special master for executive compensation, Kenneth Feinberg has the task of overseeing pay for the top 100 employees at firms receiving exceptional government aid. In an exclusive interview, he discusses progress on pay reform,…
