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Banking agencies seek to place restrictions on incentive-based compensation

Ronit Chopra
CFPB’s Rohit Chopra wants executives to have more skin in the game. Photo: Michael A. McCoy/Getty Images

Julie DiMauro

2 min read
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Re-proposed rule wants to make such payments more sensitive to risk.

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Federal Housing Finance Agency, have adopted a Notice of Proposed Rulemaking (NPR) to address incentive-based compensation arrangements, as required under section 956 of the Dodd-Frank Act.

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