The Commission has released a working document that proposes some changes to the CRD. The changes cover:  

  • introducing a new requirement for remuneration policies and practices consistent with sound and effective risk management and a new section on risks arising in connection with remuneration policies;  
  • giving more varied and effective regulatory enforcement powers; and  
  • new requirements when assessing the appropriate level of own funds.  

There is a short consultation period, to 6 May.