Simpson Thacher Attorneys Author Article on Proposed Financial Institution Compensation Rules
05.23.24
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Partners Gregory Grogan, Lee Meyerson, Sven Mickisch and Jeannine McSweeney authored an article titled, “Some U.S. Regulators Re-Propose Incentive-Based Compensation Rules for Financial Institutions Under Dodd-Frank,” which was published by Thomson Reuters Westlaw. The article discussed the OCC, FDIC, FHFA and NCUA’s joint rule proposal to establish new requirements for financial institutions' incentive-based compensation arrangements, as required by the Dodd-Frank Act. The article further offered insights on what financial institutions would be covered by the rule proposal, in addition to outlining some of the governance, risk management and recordkeeping considerations, if the rule is finalized in its current form.
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