09/03/2009 03:53 pm ET Updated May 25, 2011

Wall Street Pay Restrictions: The Financial Times On Why We Need Them

A bill requiring federal regulators to draw up rules for compensation structures in the financial sector was passed by the US House of Representatives on Friday and will be taken up by the US Senate. Such pay regulations, which authorities around the world are considering, will meet stiff resistance from financial institutions. Yet the case in their favour is compelling.