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Inside Washington (01/19/2011)
* WASHINGTON (1/20/11)--The Federal Deposit Insurance Corp.’s board of directors on Tuesday said regulators would soon release a proposal to bar risky compensation agreements, a plan required by the Dodd-Frank Act (American Banker Jan. 19). Dodd-Frank requires banking agencies, the Securities and Exchange Commission and the Federal Housing Finance Agency to author a rule by April that mandates financial companies to disclose incentive executive compensation agreements and prohibit excessive pay packages. Such compensation issues drove up risk during the banking crisis, according to observers. Also, on Tuesday, the FDIC board approved an interim final rule clarifying how the agency will treat certain creditor claims under the new orderly liquidation authority established under Dodd-Frank. The law gives the FDIC the authority to provide some creditors in similar classes more relief than others. The agency indicated it would grant that relief only to cover general services crucial to operating a receivership …


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