On May 3 the FDIC approved a Notice of Proposed Rulemaking on Incentive-Based Compensation Arrangements. This is largely a re-proposal of a 2016 proposed rule, with some additional discussion in the preamble. The OCC and other regulatory agencies also approved the re-proposal; however, not all of the applicable agencies have formally approved the re-proposal yet. It is our understanding that the re-proposal cannot be published in the Federal Register until all the applicable agencies approve the re-proposal.