Proposed Rule Governing Reporting of Incentive-Based Compensation

The proposed rule would require the reporting of incentive-based compensation arrangements by certain financial institutions pursuant to the Dodd-Frank Act.

Document Excerpt

The OCC, Board, FDIC, OTS, NCUA, SEC, and FHFA (the Agencies) are proposing rules to implement section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The proposed rule would require the reporting of incentive-based compensation arrangements by a covered financial institution and prohibit incentive-based compensation arrangements at a covered financial institution that provide excessive compensation or that could expose the institution to inappropriate risks that could lead to material financial loss.

 

 

Link http://www.gpo.gov/fdsys/pkg/FR-2011-04-14/pdf/2011-7937.pdf

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