Regulatory Alerts2023-05-26
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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.
Published on 26 May 2023
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CSSF circular
Application of the Guidelines of the European Banking Authority (“EBA”) on the benchmarking exercises on remuneration practices, the gender pay gap and approved higher ratios under Directive 2013/36/EU (EBA/GL/2022/06)
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