The Obama administration will move to increase oversight of executive pay at all banks, Wall Street firms and possibly other companies, the New York Times is reporting.
Citing unnamed government officials, the newspaper said that the plan would seek a broad new role for the Federal Reserve to oversee large companies, including major hedge funds.
And it will call for federal standards for mortgage lenders beyond what the Federal Reserve adopted last year, as well as more aggressive enforcement of the mortgage rules.
AIG bonuses
The report follows a scandal surrounding the United States insurance giant AIG over bonuses paid to the company's executives.
Documents have revealed that AIG paid out millions of dollars more in bonuses than previously disclosed.
The documents turned over to the Connecticut attorney general show that American International Group Inc paid out over $US218 million in bonuses, more than the previously disclosed $US165 million.
Reports published on Saturday said the documents were turned over to Attorney General Richard Blumenthal's office late on Friday in response to a subpoena.
The documents show that bonuses of at least $US1 million were paid to 73 people, and five received more than $US4 million.
The insurance company has been widely criticized for granting bonuses after receiving federal bailout funds exceeding $US180 billion.
