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ARTICLE · 05 JUNE 2024

Banking Agencies Re-Propose Rules On Incentive-Based Compensation

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On May 6, the Federal Deposit Insurance Corp. (FDIC), Office of the Comptroller of the Currency and Federal Housing Finance Agency issued a Notice of Proposed Rulemaking addressing ...

United StatesFinance and Banking
Robert L. Carothers, Jr.
Robert L. Carothers, Jr.
Linda Bounds Keng
Linda Bounds Keng

On May 6, the Federal Deposit Insurance Corp. (FDIC), Office of the Comptroller of the Currency (OCC), and Federal Housing Finance Agency (FHFA) issued a Notice of Proposed Rulemaking addressing incentive-based compensation arrangements (the Proposed Rule). The Proposed Rule is designed to implement Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). It is a re-proposal of the joint proposed rule issued in 2016 with the identical text, which is summarized in this article. However, the Proposed Rule has a new preamble and a request for comments, seeking feedback on several alternative provisions that could be included in a final rule. Continue reading )

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