Remuneration

Brexit: turning Luxembourg remuneration rumours into facts

For companies considering relocating to the EU, local remuneration practices are, naturally, an important factor. Luxembourg is well-known for offering highly flexible remuneration packages. But what exactly does the term remuneration package entail? In Luxembourg, a remuneration package comprises three elements: base salary (fixed salary), variable salary (e […]
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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 […]

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 […]

Remuneration rules for Non-EU Portfolio Managers of alternative funds

What to do about AIFMD? A question being asked by Non-EU Portfolio Managers, including in the US. And one of the main talking points is, unsurprisingly, the famous remuneration rules. Is there a way around them? Who do they apply to? What should I be doing? Just a few questions my colleagues Chrystelle Veeckmans, Jane Wilkinson, Charles Muller and Julien Biebe […]
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