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CESR comments to EFRAG on proposal for discount rate for employee benefits

Norton Rose LLP
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European Union
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October 12 2009

The Committee of European Securities Regulators has sent a comment letter to the European Financial Reporting Advisory Group (EFRAG) regarding the proposal contained in the Exposure Draft Discount Rate for Employee Benefits by the International Accounting Standards Board

Consultation on controlled remuneration policy

Norton Rose LLP
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Netherlands
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May 3 2010

On 6 May 2009, the Dutch Central Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) published principles for a controlled remuneration (the Principles

Commission sets out further guidance on structure and determination of directors' remuneration

Norton Rose LLP
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European Union
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May 4 2009

The European Commission has issued a press release stating that it has adopted a Recommendation on the regime for the remuneration of directors of listed companies, complementing previous Recommendations 2004913EC and 2005162EC

Regulation & compliance: BBA and IMA respond to Lord Turner’s comments in Prospect magazine today

Norton Rose LLP
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United Kingdom
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September 7 2009

It has been reported that in Prospect magazine Lord Turner, Chairman of the FSA, has said that he would be happy to consider a tax on banks to prevent excessive bonus payments

G20 summit: MEPs concerned about remuneration and tax havens

Norton Rose LLP
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European Union
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May 4 2009

The European Parliament has published a press release stating that it has adopted a resolution on the outcome of the summit welcoming the G20 pledge to reform remuneration schemes in a more sustainable way as part of the financial regulatory review

Commission sets out principles on remuneration of risk-taking staff in financial institutions

Norton Rose LLP
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European Union
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May 4 2009

The European Commission has issued a press release stating that it has adopted a Recommendation on remuneration in the financial services sector

City of London banks agree to support G20 bonus reform

Norton Rose LLP
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United Kingdom
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October 26 2009

HM Treasury has issued a press release stating that the UK subsidiaries and branches of leading overseas banks have agreed to support the implementation of reforms to bank pay agreed by the G20 in Pittsburgh

Draft high-level principles on remuneration policies

Norton Rose LLP
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European Union
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March 16 2009

The Committee of European Banking Supervisors (CEBS) has published a consultation paper which contains draft high-level principles on remuneration policies

CP0910: reforming remuneration practices in financial services

Norton Rose LLP
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United Kingdom
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March 23 2009

In February 2009, the FSA published a draft Code of practice on remuneration policies (the Code

Bank payroll tax - responses to some questions

Norton Rose LLP
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United Kingdom
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January 4 2010

HM Revenue and Customs have published some questions and answers on the new bank payroll tax