EU rules on remuneration for banks and investment firms work, but the proportionality principle needs to be clarified
date: 28/07/2016
The Report concludes that, in certain cases, some of the rules may be too costly and burdensome to apply, as compared to their prudential benefits. This is in particular the case when the rules on deferral and pay-out in instruments are applied in small and non-complex institutions or to staff with low levels of variable remuneration.
More information:
- Commission Report on the assessment of remuneration rules(501 kB) under CRD/CRR (July 2016)
- Press release