Tag: remuneration

House of Commons Sub-Committee letter on PRA CP8/22 ‘Remuneration: Unvested pay, Material Risk Takers and public appointments’

On 23 November 2022, the House of Commons’ Sub Committee on Financial Services Regulation (the Sub-Committee) published a letter by its interim chair, Angela Eagle, regarding PRA Consultation Paper 8/22 ‘Remuneration: Unvested pay, Material Risk Takers and public appointments’ (CP8/22). The letter follows the Sub-Committee’s discussion on CP8/22 and sets out the following questions to … Continue Reading

FCA publishes Chair of the Remuneration Committee letter

On 2 August 2022, the Financial Conduct Authority (FCA) published a letter it has sent to the Chair of the Remuneration Committee (the Chair) of proportionality level one banks, building societies and PRA designated investment firms. The letter sets out the FCA’s expectations for the Chair, as they determine their firm’s remuneration outcomes for the … Continue Reading

EBA report on benchmarking of remuneration practices in EU banks for the financial years 2019 and 2020 and high earners data

On 21 July 2022, the European Banking Authority (EBA) published its report on benchmarking of remuneration practices in EU banks for the financial years 2019 and 2020 and high earners data for 2020. The number of high earners went down from 1,444 (EU27/EEA) or 4,963 (EU28/EEA) in 2019 to 1,383 (EU27/EEA) in 2020. While the … Continue Reading

BoE publish consultation paper: Remuneration: Unvested pay, Material Risk Takers and public appointments

On 15 July 2022, the Bank of England (BoE) published Consultation Paper 8/22 ‘Remuneration: Unvested pay, material risk takers and public appointments (CP8/22). In CP8/22 the PRA sets out draft changes to Supervisory Statement 2/17 ‘Remuneration’ (SS2/17). The PRA is setting out a proposed new chapter 4 of SS2/17 covering changes to the instruments or … Continue Reading
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