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Seven EU Member States Opt Out of EBA Guidelines on Sound Remuneration Policies Under CRD IV
Sunday, October 9, 2016

On October 3, the European Banking Authority (EBA) published a compliance table (Compliance Table) in relation to the EBA’s guidelines (Guidelines) on sound remuneration policies under the EU Capital Requirements Directive IV (CRD IV) and disclosures under Capital Requirements Regulation (CRR). The Compliance Table shows that the relevant competent authorities of Denmark, Germany, France, Slovakia, Finland, Sweden and the United Kingdom have indicated to the EBA that they do not intend to comply with all or part of the Guidelines. In February, the UK Financial Conduct Authority indicated its intention not to comply with the Guidelines.

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