The Federal Housing Finance Agency on Friday quietly posted a proposed executive compensation regulation for Fannie Mae, Freddie Mac, the Federal Home Loan Banks and the Office of Finance on the Federal Register. The reg provides FHFA Director James Lockhart with the “temporary authority to approve, disapprove, or modify the executive compensation” of the GSEs under FHFA jurisdiction.
The proposal also allows the director to limit golden parachutes, and continues oversight of termination benefits. Compensation at the Federal Reserve and the Farm Credit Banks would be held up as examples of comparable compensation.
