PRA and FCA statement on compliance with the EBA Guidelines on Sound Remuneration Policies

The PRA and the FCA have notified the European Banking Authority (EBA) that the regulators will comply with all aspects of the EBA Guidelines on Sound Remuneration Policies, except for the provision that the limit on awarding variable remuneration to 100% of fixed remuneration, or 200% with shareholder approval (the bonus cap), must be applied to all firms subject to the Capital Requirements Directive (CRD).

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PRA and FCA statement on compliance with the EBA Guidelines on Sound Remuneration Policies

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