CEBS organises a public hearing on its draft Guidelines on Remuneration Policies and Practices(CP42)

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.

Press contacts:

Franca Rosa Congiu

E-mail: press@eba.europa.eu - Tel: +44 (0) 207 382 1772