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FRS RIN: 7100-AE50 Publication ID: Fall 2016 
Title: ●Incentive-Based Compensation Arrangements (Docket No: R-1536) 
Abstract:

The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), National Credit Union Administration (NCUA), and U.S. Securities and Exchange Commission (SEC) (the Agencies) are seeking comment on a joint proposed rule to revise the proposed rule the Agencies published on April 14, 2011, to implement section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).  Section 956 generally requires that the Agencies jointly issue regulations or guidelines: (1) Prohibiting incentive-based payment arrangements that the Agencies determine encourage inappropriate risks by certain financial institutions by providing excessive compensation or that could lead to  material financial loss; and (2) requiring those financial institutions to disclose information concerning incentive-base compensation arrangements to the appropriate Federal regulator.

 

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 12 CFR 236   
Legal Authority: 12 U.S.C. 5641   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comment  06/10/2016  81 FR 37670   
Board Expects Further Action  01/00/2017 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Teresa Scott
Manager
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 973-6114

Meg Donovan
Lead Fin Inst Policy Analyst
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 872-7542

Joe Maldonado
Sr Fin Inst Policy Analyst II
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 973-7341

Laurie Schaffer
Deputy General Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2272

Michael Waldron
Senior Special Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2798

Gillian Burgess
Senior Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 736-5564

Flora Ahn
Special Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-2317

Steve Bowne
Senior Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-3900