Trading

New rules curbing Wall Street pay announced

Senior executives at largest firms would have to defer more than half their bonus pay for four years under proposed regulations

New rules curbing Wall Street pay announced
Photo: iStockPhoto

Tens of thousands of Wall Street bankers face tighter restrictions on how they are paid under new rules proposed by US regulators in response to the financial crisis of nearly a decade ago.

The rules are part of a broader effort to curb what regulators say is excessive risk-taking at the country's biggest financial firms and go beyond senior executives to​deal makers and traders who receive large shares of their pay in the form of bonuses.

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