• Proposed Incentive-based Compensation Rule

  • Aug 27 2024
  • Length: 4 mins
  • Podcast

Proposed Incentive-based Compensation Rule

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  • Summary

  • NCUA's Proposed Incentive-based Compensation Rule

    This episode, hosted by Samantha Shares, provides a detailed summary of the NCUA's proposed incentive-based compensation rule, which implements Section 956 of the Dodd-Frank Act. This regulation is designed to address flawed compensation practices contributing to the 2008 financial crisis, covering financial institutions with $1 billion or more in assets.

    Introduction
    Overview of the Proposed Rule
    Scope of the Regulation
    Tiered Structure and Definitions
    Requirements for Covered Institutions
    Additional Requirements for Level 1 and Level 2 Institutions
    Regulatory Flexibility and International Context
    Public Comments and Enforcement Provisions
    Conclusion and Contact Information
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