US regulatory guidance for compensation structures snubs FDIC proposal

federal reserve

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 forwar