We use necessary cookies to make our site work (for example, to manage your session). We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies.
Necessary cookies
Analytics cookies
Yes
Yes
Yes
No
Necessary cookies
Necessary cookies enable core functionality on our website such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.
Analytics cookies
We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. For more information on how these cookies work please see our Cookie policy.
For information only, the original publication issued on 23 June 2015 is available below.
This supervisory statement, together with the existing statements ‘Remuneration standards: the application of proportionality’ (LSS8/13) and ‘PRA expectations regarding the application of malus to variable remuneration’ (SS2/13) clarify PRA expectations on how firms should comply with the requirements of the Remuneration Part of the Rulebook, enabling firms to make judgements which advance the objectives of the PRA. Areas covered include:
Types of remuneration;
Material risk takers;
Proportionality;
Firm-wide application;
Governing body/remuneration committees;
Risk management and control functions;
Remuneration and capital;
Risk adjustment;
Personal investment strategies;
Remuneration structures; and
Breaches of the remuneration rules.
This statement is intended to be read together with the rules contained in the Remuneration Part.