FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Summary
SIFMA provides comments to the Board of Governors of the Federal Reserve System regarding proposed guidance on sound incentive compensation policies, Board Policies Docket No. OP-1374. SIFMA is in agreement with the core principles outlined, however, we recommend that the final guidance confirm that firms may consider risk-taking incentives on a group rather than individual basis. Included with the letter are methods to avoid unintended consequences.
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