Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
The European Banking Authority published draft revised guidelines on the remuneration benchmarking exercise and the data collection exercise for high earners.
The European Banking Authority ("EBA") published for
consultation draft revised guidelines on the remuneration
benchmarking exercise and the data collection exercise for high
earners. Under CRD IV (comprised of the Capital Requirements
Regulation and the Capital Requirements Directive), national EU
regulators must provide data collected from individual firms to the
EBA relating to remuneration levels and components of remuneration.
The new requirements under CRD IV, which came into force on 1
January 2014, require regulators to collect more granular
information than required under the previous European capital
requirements legislation. Therefore, the EBA is consulting on
proposed revisions to its guidelines and templates to account for
the differences. The deadline for submission of responses is 7 May
2014.
The consultation paper on high earners is available at:
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
