ARTICLE
5 June 2024

Banking Agencies Re-Propose Rules On Incentive-Based Compensation

JW
Jones Walker

Contributor

At Jones Walker, we look beyond today’s challenges and focus on the opportunities of the future. Since our founding in May 1937 by Joseph Merrick Jones, Sr., and Tulane Law School graduates William B. Dreux and A.J. Waechter, we have consistently asked ourselves a simple question: What can we do to help our clients succeed, today and tomorrow?
On May 6, the Federal Deposit Insurance Corp. (FDIC), Office of the Comptroller of the Currency and Federal Housing Finance Agency issued a Notice of Proposed Rulemaking addressing ...
United States Finance and Banking

On May 6, the Federal Deposit Insurance Corp. (FDIC), Office of the Comptroller of the Currency (OCC), and Federal Housing Finance Agency (FHFA) issued a Notice of Proposed Rulemaking addressing incentive-based compensation arrangements (the Proposed Rule). The Proposed Rule is designed to implement Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). It is a re-proposal of the joint proposed rule issued in 2016 with the identical text, which is summarized in this article. However, the Proposed Rule has a new preamble and a request for comments, seeking feedback on several alternative provisions that could be included in a final rule. Continue reading )

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