US regulatory guidance for compensation structures snubs FDIC proposal
Final pay guidance from US regulators shows no trace of Federal Deposit Insurance Corporation’s (FDIC) proposal for higher premiums for banks with risky compensation structures
Final guidance on banking pay structures agreed this week by US regulators contains no evidence of the January FDIC suggestion that banks with risky remuneration structures should contribute higher premiums to the (FDIC-administered) banking deposit insurance fund.
The Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision and the FDIC joined the Federal Reserve in releasing the guidelines on June 21. The new jointly issued paper builds on draft proposals put forward
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