The Financial Services Authority (FSA) has published a consultation on the implementation of remuneration disclosure requirements based on those set out in the Capital Requirements Directive (CRDIII). Read more

The Committee of European Banking Supervisors (“CEBS”) has published its consultation paper setting out guidelines on the implementation of the remuneration provisions contained in the amended Capital Requirements Directive (“CRDIII”).  The consultation paper, ‘Guidelines on Remuneration Policies and Practices’ (the “Guidance”), is subject to consultation until 8 November 2010. This briefing considers certain key aspects … Read more

The FSA has published its Consultation Paper setting out proposed revisions to its Remuneration Code to reflect the requirements of the amended Capital Requirements Directive (CRD III) and the provisions of the UK Financial Services Act 2010. The revised Code will apply to all banks, building societies and MiFID investment firms, extending the scope of … Read more

The FSA has announced a consultation on plans to update its Remuneration Code in order to incorporate the proposed remuneration rules of the Capital Requirements Directive (CRD III) which were approved by the European Parliament earlier this month.  Please click here for a copy of our recent briefing on the CRD III remuneration proposals. Read more

The European Parliament and Council have, this week, announced proposed amendments to the Capital Requirements Directive, aimed to tackle the “excessive and imprudent risk-taking in the banking sector”. The amendments include provisions governing the payment of bonuses to employees of certain EU financial institutions. Read more