In a joint release, Office of the Comptroller of the Currency, Treasury; Board of Governors of the Federal Reserve System; Federal Deposit Insurance Corporation; Federal Housing Finance Agency; National Credit Union Administration; and U.S. Securities and Exchange Commission, (collectively "Regulators"), have issued their long-anticipated Proposed Rule limiting incentive-based compensation for bankers Thursday.
This 2016 Proposed Rule is stronger and broader than the one Regulators initially proposed in 2011. The Rule largely mirrors the industry trends in ...