The European proposals for next year’s bonus round
The European Banking Authority (EBA) has approved the draft regulatory technical standard (RTS) on the definition of material risk takers (MRTs), which will apply to all firms under the scope of the CRD IV. The RTS includes a requirement that all employees whose total remuneration is greater than €500,000 (£416,000) should be deemed to be MRTs. If it is approved, the RTS will come into effect during 2014, ahead of the 2014–15 remuneration round.
Whether or not an employee’s professional activities have a material impact, a firm’s risk profile is one of the key criteria in determining whether an employee is ‘code staff’. The EBA states that as a general principle staff will be identified as having a ‘material impact’ on the institution’s risk profile if they meet one or more of the following criteria…
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22 April 2014 marked ‘the largest reform of the family justice system any of us have seen or will see in our professional lifetimes’, according to the president of the Family Division.
Withers’ Graham Elliott discusses the points he found most interesting from this year’s Charity Tax Group annual meeting.
Analysis from The Lawyer
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