Details

  • Service: Advisory, Risk Consulting, Financial Risk Management
  • Industry: Banking & Capital Markets
  • Type: Publication series
  • Date: 10/28/2011

Regulatory Practice Letter #11-23 

Fed Report on Incentive Compensation Arrangements – Horizontal Review Results
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In late 2009, the Federal Reserve Board (“Fed”) initiated a horizontal review of incentive compensation practices at 28 large, complex banking organizations (“LCBOs”). On October 5, 2011 the Fed released a report summarizing the findings from this review, entitled Incentive Compensation Practices: A Report on the Horizontal Review of Practices at Large Banking Organizations (“Review Report”). Broadly, the review focused on the range of compensation practices across the firms and the categories of employees affected by these practices