Dodd-Frank: devil is in the detail on bonus transparency requirements

Capitol Hill in Washington DC

Banks are to be asked by US regulators to disclose the compensation packages of their chief executive officers (CEOs), the median pay package across the firm, and the ratio of the two figures.

The disclosure requirements are contained within section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires the Securities and Exchange Commission (SEC) to produce new rules to amend the Code of Federal Regulations.

"What's frustrating is that although the intent of

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