Regulatory Alerts2022-12-09
Added · Updated
Circular to Credit Institutions on the Amendments to Banking Rule BR/21
Banking Rule BR/21 is revised to implement EBA Guidelines on remuneration benchmarking, gender pay gap, approved higher ratios, and data collection for high earners under Directive 2013/36/EU. The amendments add paragraph 12A, amend paragraphs 66(a) and 66(d), and update Appendix 2 to ensure adherence by Credit Institutions. These updates apply from 31 December 2022, at which point previous EBA Guidelines are repealed.
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