Under the Capital Requirements Directive 3, CEBS must issue guidelines on sound remuneration policies in the financial sector. CEBS has released draft guidelines for consultation seeking feedback by the 8th November. This is addressed to both institutions and supervisors, with a focus on ensuring that the new risk-related philosophy on remuneration in the financial sector is implemented. In addition to looking at high-level remuneration policies, the guidelines also address day-to-day remuneration decisions and the procedures through which policy is implemented.