Regulatory Alerts2023-05-26
CSSF Circular 23/836: Application of EBA Guidelines on Remuneration Benchmarking, Gender Pay Gap, and Higher Ratios
The CSSF issued Circular 23/836 to implement the European Banking Authority's Guidelines on benchmarking exercises regarding remuneration practices, the gender pay gap, and approved higher ratios under Directive 2013/36/EU. This circular mandates that supervised entities apply the specific EBA/GL/2022/06 standards to ensure compliance with EU regulatory requirements for financial institutions. It serves as the official directive for integrating these European guidelines into the national supervisory framework of Luxembourg.
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