2 Apr 2025
📊Federal Reserve Extends Recordkeeping Provisions for Incentive Compensation
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Summary
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Recordkeeping Provisions Associated with the Guidance on Sound Incentive Compensation Policies (FR 4027; OMB No. 7100-0327).
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The text indicates regulatory compliance requirements for banking organizations related to incentive compensation policies, which could impact financial practices and risk management strategically for business owners and executives.