01 November 2010
The Committee of European Banking Supervisors (CEBS) published its draft guidelines on Remuneration Policies and Practices.
CEBS would like to draw attention to a number of areas where it would particularly welcome views. These include: retention period, as outlined in paragraph 125 onwards where comments on the appropriate retention period are sought; and minimum portion of instruments and their distribution as outlined in paragraph 130, where it is CEBS understanding that it is the EU legislators' intention that the 50% minimum threshold for instruments applies equally to the non-deferred and the deferred parts.
CEBS submits its initial views for a public consultation, starting on 8 October and running until 8 November 2010. Comments received will be published on CEBS' website unless respondents request otherwise. Please send your comments to the following email address: CP42@c-ebs.org.
The consultation is open to all interested parties, including supervised institutions and other market participants. A public hearing will take place on 29 October 2010, from 10:00 to 13:00, at CEBS's premises in order to allow all interested parties to present their comments.