New incentive compensation rules
Financial institutions face more scrutiny from regulators and the general public than ever before particularly when it comes to executive and incentive pay. In response, the president signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) into law on July 21, 2010. Among the Dodd-Frank Act’s many provisions are new rules for incentive compensation.
On Feb. 7, 2011, the Federal Deposit Insurance Corporation (FDIC) proposed a number of regulations for implementing compensation provisions in the Dodd-Frank Act. The FDIC’s proposed regulations reach beyond banks and will affect a range of financial services firms, including broker-dealers and investment advisers.
Beyond banks: New incentive compensation rules reach entire industry explores:
- The risk of rewards: How did we get here?
- The FDIC's proposed regulations
- Understanding the proposed rules in context
- Proposed methodology for compliance
- Action steps: Top 10 tips
