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The European Banking Authority (EBA) launches today a consultation on draft Regulatory Technical Standards (RTS) setting out the classes of instruments which can be used for the purposes of variable remuneration. These RTS will be part of the Single rulebook aimed at enhancing regulatory harmonisation in the EU. The consultation runs until 29 October 2013.

The EBA published today two sets of Guidelines on the data collection exercise regarding high earners and on the remuneration benchmarking exercise. The objective of these Guidelines is to streamline the data collection and increase the consistency and comparability of the information collected by national competent authorities.

The European Banking Authority launches today a consultation paper on draft Regulatory Technical Standards (RTS) on criteria to identify categories of staff whose professional activities have a material impact on an institution’s risk profile. These material risk takers will be subject to specific provisions of the Capital Requirements Directive (CRD) related, in particular, to the payment of variable remuneration. The consultation runs until 21 August.

CEBS has today submitted its comments on the EU Commission green paper on corporate governance in financialinstitutions and remuneration policies.

The Committee of European Banking Supervisors (CEBS) has published today its draft consultation paper on the Guidebook on Internal Governance (CP 44) aiming at enhancing and consolidating supervisory expectations in order to improve the sound implementation of internal governance arrangements. The consultation is open to all interested parties, including supervised institutions and other market participants.

CEBS has today published its Guidelines on Remuneration Policies and Practices (CP42)

Their publication is a further step towards greater disclosure of remuneration information, first proposed in the second amendment to the CRD (CRD III), which came into force on 1 January 2011.