Banking Law Alert: Interagency Final Guidance on Incentive Compensation

Baker Donelson
Contact

On Monday, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Office of Thrift Supervision and the Federal Deposit Insurance Corporation (collectively, the “Agencies”) issued final guidance designed to “ensure that incentive compensation arrangements at financial

organizations take into account risk and are consistent with safe and sound practices” and to “assist banking organizations in designing and implementing incentive compensation arrangements and related policies and procedures that effectively consider potential risks and risk outcomes.” The Federal Reserve proposed the guidance last year and was joined by the other banking regulators in issuing the final guidance. The guidance, which applies to all banking organizations that the Agencies supervise, will be effective upon publication in the Federal Register. Frank C. Bonaventure and Penny Somer-Greif of Ober|Kaler look at the new guidance.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© Baker Donelson

Written by:

Baker Donelson
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Baker Donelson on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide