The EU Commission has launched a public consultation as part of its review of the CRD IV and CRR remuneration requirements. This consultation comprises of a questionnaire seeking comments on the:
- The impact of the maximum ratio rule (the “bonus cap”) on competitiveness, financial stability, and staff working outside of the EEA;
- The efficiency of CRD IV’s rules on: assessment of performance; deferral; the non-cash instruments requirement; malus and clawback; the balance between fixed and variable components; remuneration committees; and public disclosure requirements; and
- The overall efficiency of the remuneration rules of CRD IV and CRR collectively.
The consultation is open until 14 January 2016.