Implementing the Dodd-Frank Act: The Federal Reserve Board's Role
The Federal Reserve Board is responsible for implementing numerous provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act" or "DFA"), sometimes in conjunction with other government agencies. Listed below are the implementation initiatives recently completed by the Board, as well as several of the most significant initiatives that the Board expects to address over the next few months. Timeframes for upcoming initiatives are estimates and may be adjusted.
Initiatives Completed
Initiatives Planned: January to March 2011
Initiatives Planned: April to June 2011
Initiatives Planned: July to September 2011
Dodd-Frank Act: Statutory Dates For Actions
Initiatives Planned: January to March 2011
Incentive Compensation
The Board will request comment on a proposed inter-agency rule to prohibit incentive-based compensation arrangements that encourage inappropriate risk taking by covered financial companies, and require the disclosure and reporting of certain incentive-based compensation information by covered financial companies. (DFA Section 956)
Last update:
May 24, 2011