Regulators introduce new rules to curb Wall Street pay

The proposals are aimed at ensuring executives don't make risky bets to boost their pay and then walk away with a large bonus before the consequences become clear. Under the proposed rules, for example, the nation's largest banks would have up to seven years to "claw back" an executives' bonuses if it turns out their actions hurt the institution.

The regulations are one of the last uncompleted provisions of 2010's financial reform package approved by Congress, known as Dodd Frank, and one of its most controversial. A team of regulators, including those from the Securities and Exchange Commission and the Federal Reserve, initially proposed limits to pay and bonuses given to top executives at financial institutions in 2011.