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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.
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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 |
CFR Citation: 12 CFR 236 | |
Legal Authority: 12 U.S.C. 5641 |
Legal Deadline:
None |
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Timetable:
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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 Senior 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 |