U.S. financial regulators, including the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC), have revived efforts to implement long-delayed rules on executive compensation in the banking sector. These rules aim to empower regulators to reclaim bonuses from executives who engage in overly risky behaviors. The proposal, which also involves the Federal Housing Finance Agency (FHFA) and the National Credit Union Administration (NCUA), targets financial institutions with assets over $1 billion, requiring them to incorporate risk considerations into their compensation plans. The initiative, which revisits proposals from the Obama era, seeks to mitigate risks that could lead to bailouts and other taxpayer burdens. BPI President and CEO Greg Baer issued a statement on the proposal.
The Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency on Monday revived an Obama-era proposal to set restrictions on incentive-based pay for executives at big banks. https://t.co/NwuEZeH7wg https://t.co/24pqlt8AiF
Today, regulators proposed curbs on Wall Street bonuses to limit the chances of bailouts and other harms to taxpayers. These rules were required to be issued thirteen years ago, but are still incomplete. https://t.co/iOkrD70QRv
US regulators propose more power to claw back banker bonuses https://t.co/mPN6a7BF7h via @business
US financial regulators restart work on long-delayed compensation rules https://t.co/TMQPcfphqS https://t.co/nCoKAXTvNm
RELEASE - BPI President and CEO Greg Baer issued the following statement on today’s @USOCC and @FDICgov proposal on bank incentive compensation: https://t.co/9RhMIYgHaC
Multiple US regulators took an initial step toward imposing long-delayed rules that force lenders to claw back some pay from executives who take too much risk https://t.co/RVHWzpQ9RW
The 2024 rehash of the 2016 rehash of the 2011 Dodd-Frank required incentive compensation proposal is being promulgated by FDIC, OCC, FHFA and NCUA. No Fed or SEC, which you would need to properly finalize the rule. #finreg
We joined the @USOCC, @FHFA and @TheNCUA to propose new rules on incentive-based compensation at financial institutions with >$1BB in assets. This proposal would require larger banks to consider risks in their compensation plans. https://t.co/ThW8KPatUH https://t.co/wVnYGEPQ6a
FDIC Proposes Changes to its Statement of Policy on Bank Merger Transactions and Provides Guidance on its Review Process https://t.co/N1dlHCx4aj #FDIC #finance #bankmergers #banks #mergers @HuntonAK https://t.co/NF9DJUQBf8