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Reforming remuneration practices in financial services: the FSA's consultation
- Herbert Smith Freehills LLP
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- United Kingdom
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- March 30 2009
The FSA's consultation paper CP0910, entitled "Reforming remuneration practices in financial services", made its appearance in the wake of the publication of the Turner Review and associated discussion paper this month
Global convergence of the regulation of financial sector remuneration
- Herbert Smith Freehills LLP
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- Global, United Kingdom
- -
- October 27 2009
Remuneration excesses in the financial sector are widely blamed (whether rightly or wrongly) for contributing to the 2008 financial crisis
FSA publishes remuneration policy statement
- Herbert Smith Freehills LLP
- -
- United Kingdom
- -
- August 19 2009
Following completion of its consultation on proposals to implement a code of practice on remuneration policies, the FSA has published the responses received and the decisions that it has taken on the application of the Code
The Financial Services Bill: remuneration aspects
- Herbert Smith Freehills LLP
- -
- United Kingdom
- -
- November 24 2009
The Government has now published its much-touted Financial Services Bill which, according to the HM Treasury press notice, includes "tougher rules on pay and bonuses that will ensure remuneration policies do not contribute to excessive risk taking"
Remuneration
- Herbert Smith Freehills LLP
- -
- European Union, United Kingdom
- -
- November 23 2010
The remuneration aspects of the amended Capital Requirements Directive (CRD 3) are required to be implemented in Member States by 1 January 2011
Completion of Remuneration Policy Statement final reminder!
- Herbert Smith Freehills LLP
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- United Kingdom
- -
- December 7 2011
If you are a Tier 2, 3 or 4 firm, there is now less than one month to go to complete your Remuneration Policy Statement as required by the FSA Remuneration Code
FSA remuneration code
- Herbert Smith Freehills LLP
- -
- United Kingdom
- -
- August 3 2012
The FSA have recently published two consultations in relation to its Remuneration Code
Taxation of claw-backs: Tribunal allows an employee to use a repaid bonus to reduce his income tax liability; opportunity for companies to operate claw-back on a tax efficient basis
- Herbert Smith Freehills LLP
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- United Kingdom
- -
- February 6 2013
The First Tier Tax Tribunal (Julian Martin v The Commissioners for HMRC 2013 UKFTT 040) has allowed an employee to set-off the amount of a bonus
The £1.7 million lunch: requiring leavers under employee incentive plans to comply with restrictive covenants.
- Herbert Smith Freehills LLP
- -
- United Kingdom
- -
- December 18 2012
A recent High Court case provides useful clarity that companies operating employee incentive plans should be able to link the exercise of a discretion to treat a departing participant as a "good leaver" to a condition that the participant has not breached their employment contract, or even that the participant complies with post-termination restrictive covenants
EU agreement to tough restrictions on bonuses
- Herbert Smith Freehills LLP
- -
- European Union
- -
- July 2 2010
The European Parliament and Council have, this week, announced proposed amendments to the Capital Requirements Directive, aimed to tackle the "excessive and imprudent risk-taking in the banking sector"
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