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FDIC | RIN: 3064-AD86 | Publication ID: Fall 2019 |
Title: Incentive-Based Compensation Arrangements | |
Abstract:
The OCC, Board, FDIC, FHFA, NCUA, and SEC (the Agencies) sought comment on a joint proposed rule to revise the proposed rule the Agencies published in the Federal Register on April 14, 2011 and June 10, 2016, and to implement section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection 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-based compensation arrangements to the appropriate Federal regulator. |
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Agency: Federal Deposit Insurance Corporation(FDIC) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 372 | |
Legal Authority: 12 U.S.C. 1819 (Tenth) 12 U.S.C. 5641 12 U.S.C. 1818 12 U.S.C. 1831p–1 |
Legal Deadline:
None |
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Timetable:
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Additional Information: E-mail: Comments@FDIC.gov. Include RIN 3064-0086 on the subject line of the message. | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.fdic.gov/regulations/laws/federal/ | Public Comment URL: www.fdic.gov/regulations/laws/federal/ |
RIN Data Printed in the FR: No | |
Related RINs: Previously reported as 3064-AD56 | Related Agencies: Joint: TREAS/OCC, FRS, NCUA, SEC, FHFA; |
Agency Contact: Rae-Ann Miller Assistant Director, Division of Supervision and Consumer Protection Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-8523 Email: rmiller@fdic.gov Catherine Topping Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3975 Email: ctopping@fdic.gov Nefretete Smith Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-6851 Email: nefsmith@fdic.gov |