Contract Law: New Remuneration Rules in the Financial Sector

Posted in : Supplementary Articles ROI on 1 April 2011
Mary Brassil
McCann FitzGerald
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Mary Brassil writes:

Against the backdrop of the global economic crisis and controversy over the payment of excessive bonuses, rigorous new rules regulating remuneration policies and practices in the financial sector were introduced with effect from 1 January 2011.

1. Capital Requirements Directive

Passed by the European Parliament in July 2010 the amendments to the EU Capital Requirements Directive, commonly known as CRD III, require credit institutions and investment firms to adopt changed remuneration policies and practices with effect from 1 January 2011. The rigorous new rules imposed by CRD III and the Guidelines on Remuneration Policy and Practices published by the Committee of

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This article is correct at 06/08/2015

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Mary Brassil
McCann FitzGerald

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