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The Committee of European Banking Supervisors (CEBS) has published on 10 December 2010 its final Guidelines on Remuneration Policies and Practices. Under the revised CRD III, as agreed upon by the European institutions, CEBS is required to elaborate and issue guidelines on sound remuneration policies in the financial sector in order to facilitate the Compliance of the remuneration principles included in the amended Annex V of the CRD.
Article 22 of the revised CRD lays down the fundamental principle whereby institutions are required to ensure that their remuneration policies and practices are consistent with their organisational structure and promote sound and effective risk management. CEBS had already published a set of High-level Principles for Remuneration...
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