On Monday, February 7, the Board of the FDIC voted to approve a joint proposed rulemaking to implement Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”). The other agencies are expected to approve the proposed rule for comment in the near future.
On August 4, 2010, Swanson Advisory Services, LLC and Moss Adams LLP presented a joint webinar reviewing this final interagency guidance. We invite you to download a copy of the slides from this presentation.
An interagency press release on June 21, 2010, announced the final guidance that we have been expecting ever since the Federal Reserve issued preliminary guidance on this topic in October of 2009.
On March 15th Senator Dodd unveiled the updated version of his reform bill. Included here is a summary of the provisions related to compensation, which are largely unchanged from the November 2009 version of the bill. Some of the changes from the prior version are indicated by [brackets].
Published in Moss Adams' February issue of MA Now, this article summarizes the Federal Reserve's recent proposed guidance on incentive compensation risk management and provides recommended actions for your banking organization.
This presentation, delivered at the December 2009 OBA/ICBO Directors and Officers Winter Conference, reviews the significant Treasury, SEC, Congress, and regulatory activity in the area of executive compensation in recent months.
In January the FDIC issued an Advance Notice of Proposed Rulemaking (ANPR) that contemplates adjustments to deposit insurance fund premiums based on the risk profile of an institution's compensation arrangements.
Effective for proxies filed after February 28, 2010, the SEC finalized its amendments to compensation and governance disclosure rules.
On October 22, 2009, the Federal Reserve announced intentions to focus supervisory attention on the incentive compensation arrangements of more than 6,800 banking organizations. The full text of the proposed guidance can be found here.
The following are links to TARP-related compensation information posted by the government:
