Raskin Says Bonus Rules Should Be Revisited at Fed

The transcript discusses the lack of a finalized incentive-based compensation rule despite the Dodd Frank Act's requirements. It highlights the increase in CEO pay ratios and related scandals, such as the London Whale and Wells Fargo incidents. The speaker commits to working with financial regulators to implement the necessary rules.

What commitment was asked of the financial regulator regarding incentive-based compensation rules?

What was the response regarding the existence of a finalized rule for incentive-based compensation?