OMB control number
Guidance on Sound Incentive Compensation Policies
OMB 1557-0245 ยท TREAS/OCC.
OMB 1557-0245
Incentive compensation practices in the financial services industry contributed to the financial crisis that began in 2007. Bank employees too often were rewarded for increasing short-term revenue or profit without adequate regard to the risks taken to achieve those results. These practices exacerbated the risks and losses at a number of banking organizations and resulted in the misalignment of the interests of employees with the long-term safety and soundness of their organizations. The guidance was issued to assist banking organizations in designing and implementing incentive compensation arrangements that do not encourage imprudent risk-taking and that are consistent with the safety and soundness of a banking organization.
The latest form for Guidance on Sound Incentive Compensation Policies expires 2029-06-30 and is listed under ICR 202602-1557-002.
Latest Forms, Documents, and Supporting Material
| Document | Type |
|---|---|
 1557-0245 Supporting Statement Submitted to OMB.docx | Supporting Statement A |
 Recordkeeping Requirements for Small Banks |
Other- |
| Recordkeeping Requirements for Large Banks |
Other-Guidance |
All Historical Document Collections
| Reference | Filing | Received | Concluded | Action |
|---|---|---|---|---|
| 202602-1557-002 | Extension without change of a currently approved collection | 2026-02-18 | ||
| 202212-1557-003 | Extension without change of a currently approved collection | 2022-12-20 | Approved without change | |
| 201804-1557-014 | Extension without change of a currently approved collection | 2020-03-16 | Approved without change | |
| 201609-1557-001 | Extension without change of a currently approved collection | 2016-12-02 | Approved without change | |
| 201306-1557-003 | Extension without change of a currently approved collection | 2013-09-25 | Approved without change | |
| 201108-1557-018 | No material or nonsubstantive change to a currently approved collection | 2011-09-07 | Approved without change | |
| 201008-1557-001 | Revision of a currently approved collection | 2010-09-28 | Approved without change | |
| 201002-1557-003 | New collection (Request for a new OMB Control Number) | 2010-02-23 | Approved without change |
OMB Details
Recordkeeping Requirements for Large Banks
Federal Enterprise Architecture: Economic Development - Financial Sector Oversight