Following the demise of Lehman Brothers, the debate on regulatory reform has been misled into concluding that large financial institutions must be broken up and their risk-taking activities limited by law, as called for by the ‘Volcker rule'. This report of a joint CEPS-Assonime Task Force...

This article ushers three normative arguments grounded in justice theory leading to the recommendation of key reforms of financial sector incentive compensation which six federal financial regulatory bodies have failed to promulgate since mandated by Dodd-Frank § 956(b) back in 2010