Remuneration Code News Today

Remuneration Report of RÁBA Automotive Holding Plc. for the 2022 business year RÁBA Automotive Holding Plc. ("RÁBA Plc." or... | April 21, 2023

The Government’s plans to scrap the bankers’ bonus cap moved a step closer to reality this week, as the PRA and FCA published a consultation paper fleshing out how they propose...

Financial Services Act - The UK’s departure from the EU at the end of the transition period has significant implications for the regulation of financial institutions. In June 2020, the...

A voluntary code has been introduced by the University Chancellor’s Council (UCC) with the purpose of increasing the ...

The Financial Conduct Authority (“ FCA”) has recently published a discussion paper concerning diversity and inclusion (“ D&I”) in the financial sector. In the wake of recent European Union rules on sustainable financing (see here for our latest briefings), Environmental, Social and Governance (“ ESG”) issues are notably rising to the top of the agenda for corporates, asset managers and investors. Against this background, the FCA have made their expectations clear in respect of socia...

Brexit Please see the Other Developments section for the MoU agreed between the ECB, FCA and BoE on post-Brexit supervisory cooperation, effective from 1 January. Capital Markets Please see the Markets and Markets Infrastructure section for a speech by Mairead McGuinness, European Commissioner for Financial Services, Financial Stability, and Capital Markets Union on future regulatory developments. Consumer / Retail  Please see the Markets and Markets Infrastructure section for a statement by S...

Summary Amendments have been made to the FCA’s Dual-Regulated firms Remuneration Code under SYSC 19D and the Remuneration Part of the PRA Rulebook (together the “Remuneration Codes”) to implement the remuneration aspects of the EU Capital Requirements Directive V (“CRD V”).  CRD V builds on CRD IV and introduces additional measures to reduce risks in the banking sector, including amending the requirements which apply to remuneration policies.  For those firms already subject to the ...

CRR: European Commission adopts Delegated Regulation on specialised lending exposures The European Commission has adopted a Delegated Regulation in respect of regulatory technical standards (RTS) for assigning risk weights to specialised lending exposures under Article 153(9) of the Capital Requirements Regulation (CRR). The draft RTS specify how institutions should take into account the factors of financial strength, political and legal environment, transaction and asset characteristics, stren...