Guidelines on sound remuneration policies under CRD

These draft Guidelines set out the governance process for implementing sound remuneration policies across the EU and provide guidance on all other remuneration principles set out in the Capital Requirements Directive (CRD IV). They specify the criteria for mapping all remuneration components into either fixed or variable pay and complement the EBA Opinion on allowances issued in October 2014 by providing additional details in support of the principles formulated in it, so as to ensure compliance with the bonus cap introduced by the CRD IV.