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EBA Publishes Final Remuneration Guidelines

Aarti Maharaj | December 21, 2015

The European Banking Authority . The agency plans to postpone the pay rules in the Capital Requirements Directive (CRD) until 2017 to allow firmshas published its final guidelines on remuneration policies with more time to prepare for the new remuneration policies. The delay will allow “small and non-complex” banking organizations and individuals who receive a small amount of variable remuneration from the full suite of rules.

Under the proposal, smaller banks will no longer have to pay out bonuses into cash or defer them over several years.

“The guidelines ensure that institutions calculate correctly and consistently the so called ‘bonus cap' by setting out specific criteria for mapping all remuneration components into either fixed or variable pay...

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