04/19/2009 05:12 am ET Updated May 25, 2011

Regulators Worldwide Look At Bankers' Pay

LONDON -- Some of the world's most powerful central bankers and financial regulators are proposing that the Securities and Exchange Commission and its counterparts in other countries extend their powers to include the regulation of executive compensation.

Adair Turner, Britain's top financial regulator, laid out the proposed new powers that he and some of his international colleagues hope to wield to ensure that bankers' bonuses do not rely solely on the pursuit of profit.

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