Incentive Compensation for Banks in 2024

The Federal Deposit Insurance Corporation (FDIC) and other bank regulators have re-proposed a rule on incentive compensation for financial institutions with assets of at least $1 billion. This rule, which stems from the Dodd-Frank legislation passed 14 years ago, aims to set standards for bank incentive compensation programs. Is the third time a charm?

And if this rule is not adopted, what are bank regulatory expectations for incentive compensation? Discuss the latest regulatory proposal, the existing guidance applicable to community banks, and what actions banks should take.

Learning Objectives:

• Examine the details of the latest regulatory proposal.
• Determine whether the re-proposed rules apply to your bank.
• Outline the necessary steps to ensure your bank's compliance.

Duration: 60-minutes

Recorded on August 29, 2024.