Banking regulators focus on sales practices

Banking regulators focus on sales practices

According to the memorandum, these principles are based on the Interagency Guidance on Sound Incentive Compensation Policies issued in 2010 (2010 Interagency Guidance).7 The NY DFS guidance applies to all banking institutions, branches, and agencies chartered or licensed by New York.

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Bibliographische Detailangaben
Veröffentlicht in:Banking & Financial Services Policy Report 2016-11, Vol.35 (11), p.15
Hauptverfasser: Biben, Matthew L, Kini, Satish M, Luigs, David A, Lyons, Gregory J, Alspector, Liz
Format: Artikel
Sprache:eng
Schlagworte:
Bank examinations
Bank examiners
Banking industry
Banking law
Banks (Finance)
Compensation
Compliance
Comptrollers
Consumer protection
Consumers
Economic incentives
Employees
Financial services
Fines & penalties
Onsite
Regulation of financial institutions
Sales
Sales quotas
Testimony
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Beschreibung
Zusammenfassung:According to the memorandum, these principles are based on the Interagency Guidance on Sound Incentive Compensation Policies issued in 2010 (2010 Interagency Guidance).7 The NY DFS guidance applies to all banking institutions, branches, and agencies chartered or licensed by New York.
ISSN:1530-499X