The guidelines also provide for a clawback mechanism so that remuneration may be reclaimed for several reasons, including changes to the institution's economic or regulatory capital base.
Firms must implement a minimum retention period and be able to explain how this minimum retention period relates to other risk alignment measures. The guidelines will also apply on an institution-wide basis and institutions must identify staff members to whom the specific requirements will apply.
The deadline for comment is November 8, 2010.
© CEBS - Committee of European Banking Supervisors
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