|
The European Banking Authority (EBA) published at the end of December 2015 its final guidelines on sound remuneration policies (the “Guidelines”). Complementing the CRD IV requirements which are now fully in force in Luxembourg, the Guidelines will come into force on 1 January 2017.
As a consequence, the previous guidelines issued by the Committee of European Banking Supervisors (CEBS) in 2010 will be repealed. Credit institutions and investment firms should consider the adjustment of their remuneration policies from now, especially in view of the application of the proportionality principle. Alternative investment fund managers and UCITS management companies owned by banks should also feel concerned.
I. Will the neutralisation of certain...
|