Central Bank publishes Policy Statement on EBA Remuneration Guidelines

MiFID Firms

Date: 15 May 2017
On 31 January 2017, the Central Bank published a policy statement relating to the European Banking Authority guidelines on sound remuneration policies under Articles 74(3) and 75(2) of Directive 2013/36/EU and disclosures under Article 450 of Regulation (EU) No. 575/2013 (the EBA Remuneration Guidelines). The policy statement deals with the Central Bank’s assessment of compliance with the EBA Remuneration Guidelines where firms seek to avail of the principle of proportionality in respect of the pay-out process applicable to variable remuneration.