June 11, 2012 at 2:57 PM ET
In the meeting, the bankers also raised concerns that regulators, in their scrutiny of pay, are including employees whose performance would not significantly impact the health of the bank.
They also requested that the Fed tailor rules and guidance more specifically to individual banks and that more time be given to adjust to requirements.
"Frequent and rapid changes to incentive compensation programs are not only difficult to implement but also run the risk of confusing participants," the summary says.
Also on the agenda were the recent stress tests administered by the Fed to determine if banks have enough capital to withstand an economic or financial shock.
The results of the tests, which are used to determine if a bank can boost stock dividends or whether it needs to raise more capital, were released in March.
The bankers highlighted concerns about the "uncertainty and confusion" caused by the "significant" differences in the results between the losses the Fed determined a bank would suffer in a stressed environment and what the banks' own analysis showed.