Identified Staff: Difference between revisions
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Term applied to staff whose professional activities have a material impact on the risk profile of the | Term applied to staff whose professional activities have a material impact on the risk profile of the institution (credit institutions and investment firms). | ||
To ensure that such staff's remuneration is consistent with sound and effective risk management and provide an incentive for prudent and sustainable risk taking, provisions are set out in Articles 92-94 of the [http://ec.europa.eu/finance/bank/regcapital/legislation-in-force/index_en.htm Capital Requirements Directive IV] ([[CRD IV]]). This Regulatory Technical Standard ([[RTS]]) came into force in 2014 as the [http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2014.167.01.0030.01.ENG Delegated Regulation with regard to Identified Staff]. | |||
The UK introduced similar provisions in 2010 but | The UK introduced similar provisions in 2010 but uses the term '[[Code Staff]]'. | ||
[[Category:Compliance_and_audit]] | |||
Revision as of 10:48, 17 February 2015
EU.
Term applied to staff whose professional activities have a material impact on the risk profile of the institution (credit institutions and investment firms).
To ensure that such staff's remuneration is consistent with sound and effective risk management and provide an incentive for prudent and sustainable risk taking, provisions are set out in Articles 92-94 of the Capital Requirements Directive IV (CRD IV). This Regulatory Technical Standard (RTS) came into force in 2014 as the Delegated Regulation with regard to Identified Staff.
The UK introduced similar provisions in 2010 but uses the term 'Code Staff'.
