BUSINESS
11/25/2009 05:12 am ET Updated May 25, 2011

G-20: Regulations For Bankers' Pay Planned

World leaders are poised to crack down on banker pay and better coordinate economic policies as they seek to temper the excesses that helped trigger the worst financial crisis in seven decades.

President Barack Obama and other Group of 20 leaders meeting in Pittsburgh are uniting behind a plan to force banks to tie compensation more closely to risk and tighten capital requirements, while they agreed to maintain stimulus measures to spur the global economy, said officials from G-20 governments.

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