10
Exceptional Government Intervention
10.1
A firm that benefits from exceptional government intervention must ensure that:
- (1) variable remuneration is strictly limited as a percentage of net revenues when it is inconsistent with the maintenance of a sound capital base and timely exit from government support;
- (2) it restructures remuneration in a manner aligned with sound risk management and long-term growth, including when appropriate establishing limits to the remuneration of members of its management body; and
- (3) no variable or discretionary remuneration of any kind is paid to members of its management body unless this is justified.
[Note: Art. 93 of the CRD and Standard 10 of the FSB Compensation Standards Opens in a new window]
[Note: CRD]
- 01/07/2015