Jean-Pascal Nepper

Jean-Pascal Nepper


Remuneration policy: principle of proportionality reconfirmed

On 16 June 2017, by way of Circular N°17/658, the CSSF adopted the European Banking Authority’s (EBA’s) Final Guidelines on sound remuneration policies under Articles 74(3) and 75(2) of Directive 2013/36/EU [the CRD IV] and disclosures under Article 450 of Regulation (EU) No 575/2013. These Guidelines, replacing the so-called “2010 CEBS Guidelines on Remu […]
6

Remuneration policies in the banking sector: light at the end of the tunnel, at last?

The European Banking Authority (EBA) has finally published its long awaited “Final Guidelines on sound remuneration policies”, as mandated by Articles 74 and 75 of Directive 2013/36/EU – the CRD IV. These guidelines are meant to replace the so-called “CEBS Guidelines on Remuneration Policies and Practices” published by the Committee of European Banking […]

3 HR trends in Luxembourg financial companies: diversity, social media, and…

We recently completed our award-winning 26th KPMG Luxembourg Remuneration Survey, in which we gathered information from Luxembourg financial companies about how they hire, inspire, retain, pay, and reward their people. We overturned a couple of interesting trends, like the fact that three-quarters of the companies with diversity policies have a work-from-home sc […]
1

UCITS V Remuneration Guidelines: would the EU finally come to its senses?

On July 23, 2015 the European Securities and Markets Authority (ESMA) published its Consultation Paper on the draft Guidelines on sound remuneration policies under the UCITS V Directive, as mandated by article 14a(4) of the Directive 2014/91/EU – the UCITS V Directive.

Bankers’ remuneration: hope for the best, prepare for the worst!

On March 4 2015, the European Banking Authority (EBA) published a consultation paper on the draft Guidelines on sound remuneration policies, as mandated by Articles 74 and 75 of Directive 2013/36/EU – the CRD IV. These guidelines are meant to replace the so-called “CEBS Guidelines on Remuneration Policies and Practices” published by the Committee of Euro […]

Remuneration Policy under the CRD IV: Unexpected uncertainty on the Principle of Proportionality

The European Banking Authority (EBA) has just published a consultation paper on the draft Guidelines on sound remuneration policies, as mandated by Article 74 and 75 of Directive 2013/36/EU – the CRD IV. These guidelines are meant to replace the so-called “CEBS Guidelines on Remuneration Policies and Practices” published by the Committee of European Bankin […]