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EU banks get report on derogations to deferral, pay out in instruments under Capital Requirements Directive

( July 16, 2024, 10:02 GMT | Official Statement) -- MLex Summary: The EU banking sector has received a report on the application of derogations to the requirements to pay out a part of the variable remuneration for identified staff under deferral arrangements and in instruments that are available to small and non-complex institutions and for identified staff receiving a small variable remuneration under the Capital Requirements Directive. The report, published today by the European Banking Authority, aims to evaluate the implementation of derogations within the EU, as well as their impact on the costs, risk alignment of variable remuneration to an institution's risk profile and its ability to recruit and retain staff.Statement follows. The report is attached....

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