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Otting: OCC to Move Ahead with Executive Pay Rule

Wednesday, May 1, 2019   (0 Comments)
Posted by: Amanda Averch
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The OCC is planning to move ahead with proposing a new version of interagency incentive-based executive compensation rules this year, Comptroller of the Currency Joseph Otting said on Monday at an industry event in Los Angeles. According to news reports, he added that the OCC intends to take the lead—together with the Securities and Exchange Commission—on writing what he referred to as a “principles-based” rule, and that the other financial regulatory agencies are expected to join “as we get it to a point where we can share what a document would look like.”

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