Six US Agencies Propose Rule to Curb Excessive Risk for Firms with Over $1b
Posted: Sun May 15, 2016 8:08 pm
An invitation for the public to comment has been offered by six federal agencies in the United States (US) that have come together to propose a new rule that would prohibit incentive-based compensation arrangements that encourage inappropriate risk at certain financial institutions, according to an official press release from the Securities and Exchange Commission (SEC) today.
The SEC was joined in the press release with the Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve Board of Governors (The FED), National Credit Union Administration (NCUA), and Office of the Comptroller of the Currency (OCC), and the public ... (read more)