Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: EBA

Seven EU Member States Opt Out of EBA Guidelines on Sound Remuneration Policies Under CRD IV

Posted in EU Developments, Financial Markets
On October 3, the European Banking Authority (EBA) published a compliance table (Compliance Table) in relation to the EBA’s guidelines (Guidelines) on sound remuneration policies under the EU Capital Requirements Directive IV (CRD IV) and disclosures under Capital Requirements Regulation (CRR). The Compliance Table shows that the relevant competent authorities of Denmark, Germany, France, Slovakia,… Continue Reading

FCA and PRA Confirm That Bonus Cap Will Not Apply to Smaller Firms

Posted in UK Developments
On February 29, the Bank of England and Financial Conduct Authority (FCA) published separate press releases in relation to the implementation of the European Union’s fourth Capital Requirements Directive (CRD IV). The press releases confirm that the Prudential Regulation Authority (PRA) and FCA have informed the European Banking Authority (EBA) that they will not apply… Continue Reading

EU Bonus Cap: EBA Publishes Guidelines on Sound Remuneration Policies and Separate Opinion on Proportionality

Posted in EU Developments
The EU Capital Requirements Directive (CRD) went into effect on January 1, 2014. The CRD introduced what is commonly referred to in the European Union as a “bonus cap” on individual variable remuneration when paid to employees by EU banks and investment firms. Under the CRD, variable remuneration for such individuals is required to be capped… Continue Reading