Tag: financial services

Showing 48 out of 62 results

13 February 2013

AIFMD: final Guidance on remuneration provides some further clarity but leaves many questions unanswered

The European Securities and Markets Authority ("ESMA") has published its final guidance to regulators on the remuneration provisions of the Alternative …

27 September 2012

UK: Remuneration - FSA Guidance replaces tiering with new proportionality regime

The FSA has recently published finalised guidance on proportionality and remuneration in respect of its Remuneration Code.  The changes, which came …

27 September 2012

ESMA consults on guidelines on remuneration policies and practices under MiFID

ESMA has published a consultation paper on proposed guidelines on remuneration policies and practices under the Markets in Financial Instruments …

24 August 2012

UK: Guide to the AIFMD remuneration rules

On 28 June 2012, the European Securities and Markets Authority published its Consultation Paper on its proposed guidelines on the remuneration of …

06 August 2012

UK: Update on FSA Remuneration Code

The FSA have recently published two consultations in relation to its Remuneration Code. The first relates to a proposal to replace the current four tier …

09 July 2012

UK: Sanctioning directors of failed banks

On 3 July, HM Treasury published for consultation its proposals on “Sanctions for the directors of failed banks“, requesting responses by 30 …

04 July 2012

UK: Bonuses - appeal in Attrill v Dresdner Kleinwort

Commerzbank have applied to the Court of Appeal for leave to appeal the decision in Attrill, discussed in earlier post. The application is due to be …

29 June 2012

AIFMD: Publication by ESMA of Consultation Paper regarding its remuneration guidelines for alternative investment fund managers

The European and Securities Markets Authority ("ESMA") has published a Consultation Paper on its proposed guidelines on the remuneration of alternative …

10 May 2012

UK: Banker's bonuses - ex-Dresdner bankers secure bonus victory based on oral promise at staff meeting

Financial institutions are well aware of the need for bonus schemes to be drafted very carefully to ensure discretions are not fettered …

06 December 2011

UK: Completion of Remuneration Policy Statement – final reminder!

If you are a Tier 2, 3 or 4 firm, there is now less than one month to go to complete your Remuneration Policy Statement (RPS) as required by the FSA …

12 August 2011

UK: FSA announces consultation on Remuneration Code guidance

On 5 August 2011, the FSA announced a four week consultation in respect of two proposed 'Dear CEO' letters, which set out further draft guidance to …

21 July 2011

EU: Alternative Investment Fund Managers Directive - Remuneration

It is imperative for HR professionals, in-house counsel, compliance officers and others with responsibility for remuneration-related issues within firms …