Scott Sorrels

Scott Sorrels

Eversheds Sutherland (US) LLP

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Incentive Compensation for Employees: Instead of Increasing Banks' Bottom Lines, These Arrangements May Increase the Risk of Fines

The New York State Department of Financial Services (DFS) recently issued guidance to regulated banking institutions (Institutions) prohibiting them from implementing incentive-based compensation programs unless these...more

10/27/2016  /  Financial Crisis , Financial Institutions , Incentive Compensation , New Guidance , NYDFS , Regulatory Oversight
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