April 19 (Reuters) - U.S. banking regulators are
planning to revive a proposal that would require big banks to
defer executive compensation and claw back more of their bonuses
if losses pile up, the Wall Street Journal reported on Friday.
Six agencies, including the Federal Deposit Insurance Corp
(FDIC) and the Office of the Comptroller of the Currency (OCC),
are involved in developing the plan, the report said, adding
that the measure could be proposed in the coming days.
The Federal Reserve is not involved in drafting the
proposal, the report said.
Executive pay on Wall Street has long been a hot-button
issue, with critics pushing for restrictions and arguing for
more stringent clawback provisions.
The FDIC declined to comment on the report, while the OCC
and the Fed did not immediately respond to Reuters requests for
comment.
(Reporting by Niket Nishant in Bengaluru; Editing by Devika
Syamnath)