How Many Banking Crises Until We Rein in Wall Street Pay?

Описание: A year after the 2023 regional banking crisis—and almost 14 years after the statutory mandate was enacted post 2008 global banking crisis—we still do not have a rule in place to protect consumers, depositors, and the public from executives’ excessive risk-taking. In the wake of last year’s banking crisis, many renewed their call on regulators to finalize section 956 of the 2010 Dodd-Frank Act, which requires six agencies to promulgate a rule banning incentive-based executive pay that incentivizes inappropriate risk-taking at financial institutions.

In this video, you'll hear SEC Commissioner Lizárraga and experts from labor unions and advocacy organizations talk about the urgent need to reform how bankers and other financial institution executives get paid.

This is a recording of a live webinar on June 17, 2024.

Speakers:
SEC Commissioner Lizárraga, Keynote Speaker
Bart Naylor, Financial Policy Advocate, Public Citizen
Sarah Anderson, Global Economy Project Director and Inequality.org Co-editor, Institute for Policy Studies
Erin Markiewitz, Senior Corporate Research Analyst, AFL-CIO
Kier Cuadras, Investigator, Sales Practice Conduct Management - Non-Allegations Department, Wells Fargo; Member, Committee for Better Banks
John Keenan, Corporate Governance Analyst, AFSCME
Natalia Renta, Senior Policy Counsel for Corporate Governance and Power, Americans for Financial Reform Education Fund: Moderator