Mr John P Kelsh

John P Kelsh

Updates

Banking

US federal regulators re-propose joint rule on incentive-based compensation arrangements
USA | 27 May 2016

US federal financial regulators are seeking comment on a joint re-proposed rule implementing Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The proposed rule would prohibit covered institutions from awarding incentive-based compensation and would impose mandatory deferral and clawback provisions; it is intended to reflect developments since 2011 in compensation practices in the financial services industry.