What do you think the practical effects will be if banks are forced to limit compensation if losses occur? I understand the need if a bank is being floated by taxpayers (e.g. the bailouts), but not if a bank is fully in control of its balance sheet. Investors understand the risk.
https://www.cnbc.com/2019/03/06/wall-street-bonuses-targeted-again-by-bank-regulators-wsj-says.html
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The article says that they’ve side stepped past attempts at limiting this. They’ll do it again. The lobbyists are too ingrained in the lawmakers’ back pockets. Never underestimate the power of the almighty dollar when it comes to Congress