Featured Product

    DNB and AFM Consult on Regulation on Sound Remuneration Policies

    April 15, 2021

    DNB and the Netherlands Authority for the Financial Markets (AFM) are consulting on Sound Remuneration Policy Regulation 2021 (Rbb 2021). This Regulation will replace the Sound Remuneration Policy Regulation 2017 (Rbb 2017). The changes in the Rbb 2021 compared to Rbb 2017 mainly relate to the implementation of the Investment Firms Directive. Comments on the consultation are requested until May 14, 2021. The final Rbb 2021 will enter into force at the time that “Article I, part N, of the Implementation Act on Prudential Supervision of Investment Firms Directive enters into force.”

    Annex A of the Rbb 2021 contains the remuneration rules for banks and investment firms that fall or will continue to fall within the scope of the Capital Requirements Regulation (CRR). Annex A contains some textual adjustments and corrections to better reflect the wording of the Capital Requirements Directive (CRD). Additionally, the provision on state aid that was deleted in the revision of the Rbb 2017 has been reinstated in Annex A of Rbb 2021. Annex B to the Rbb 2021 contains the remuneration rules for investment firms that fall within the scope of the Investment Firms Directive and Investment while Annex C contains the remuneration rules for premium pension institutions. 

     

    Related Links (in English and Dutch)

    Comment Due Date: May 14, 2021

    Keywords: Europe, Netherlands, Banking, Investment Firms, IFD, IFR, CRR, CRD, Basel, Remuneration, AFM, DNB

    Featured Experts
    Related Articles
    News

    EBA Publishes Standards on Disclosure of Investment Policy Under IFR

    The European Banking Authority (EBA) published the final draft regulatory technical standards on disclosure of investment policy by investment firms, under the Investment Firms Regulation (IFR).

    October 19, 2021 WebPage Regulatory News
    News

    EBA Updates Filing Rules for Supervisory Reporting

    The European Banking Authority (EBA) published version 5.1 of the filing rules for supervisory reporting.

    October 19, 2021 WebPage Regulatory News
    News

    ECB Amends Guideline on Procedures for Collection of AnaCredit Data

    The European Central Bank (ECB) Guideline 2021/1829 on the procedures for the collection of granular credit and credit risk data has been published in the Official Journal of European Union.

    October 19, 2021 WebPage Regulatory News
    News

    APRA Finalizes Guidance for New Prudential Standard on Remuneration

    The Australian Prudential Regulation Authority (APRA) published the prudential practice guide CPG 511 to assist banks, insurers, and superannuation licensees in meeting requirements of CPS 511, the new prudential standard on remuneration.

    October 18, 2021 WebPage Regulatory News
    News

    OCC Updated LIBOR Self-Assessment Tool for Banks

    The Office of the Comptroller of the Currency (OCC) published a bulletin that provides an updated self-assessment tool for banks to evaluate their preparedness for cessation of the London Interbank Offered Rate (LIBOR).

    October 18, 2021 WebPage Regulatory News
    News

    TCFD Updates Guidance for Financial Disclosures on Climate Risk

    The Financial Stability Board (FSB) published a report that examines the progress made toward disclosures aligned with recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

    October 14, 2021 WebPage Regulatory News
    News

    BCBS Report Examines Progress on Adoption of Basel III Framework

    The Basel Committee on Banking Supervision (BCBS) published the progress report on adoption of the Basel III regulatory framework in member jurisdictions.

    October 14, 2021 WebPage Regulatory News
    News

    ACPR Implements Updates Related to DPM Version 3.1

    The French Prudential Supervisory Authority (ACPR) has implemented, in its information system, updates linked to the Data Point Model (DPM) version 3.1.

    October 14, 2021 WebPage Regulatory News
    News

    EBA Note Examines Transition Risks of Benchmark Rates

    The European Banking Authority (EBA) published a thematic note that aims to identify and raise awareness of the transition risks of benchmark rates, as the London Interbank Offered Rate (LIBOR) and the Euro Overnight Index Average (EONIA) are close to being phased out.

    October 14, 2021 WebPage Regulatory News
    News

    OSFI to Communicate Next Steps on Climate Risk Policy in Early 2022

    In a letter to the federally regulated financial institutions and pension plans, the Office of the Superintendent of Financial Institutions (OSFI) published a summary of the feedback received to the January 2021 discussion paper on ways to address climate risks.

    October 12, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7568