Identified Staff: Difference between revisions

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''EU''
''EU.''


Term applied to staff whose professional activities have a material impact on the risk profile of the institutions concerned - credit institutions and investment firms.
Term applied to staff whose professional activities have a material impact on the risk profile of the institution (credit institutions and investment firms).


Such staff's remuneration is subject to provisions that seek to ensure that remuneration is consistent with sound and effective risk management and provides an incentive for prudent and sustainable risk taking as set out in Articles 92 to 94 of the [http://ec.europa.eu/internal_market/bank/regcapital/legislation_in_force_en.htm#maincontentSec1 Capital Requirements Directive IV ([[CRD IV]])]. They came into force in 2014 as the Commission's [http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2014.167.01.0030.01.ENG Delegated Regulation with regard to [[RTS]] on Identified Staff].


The UK introduced similar provisions in 2010 but using the term "[[Code Staff]]". Use of this terminology continue in the UK.
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 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 uses the term 'Code Staff'.
 
 
==See also==
* [[Code Staff]]
* [[Compensation]]
* [[Credit institution]]
* [[Incentive]]
* [[Investment firm]]
* [[Provision]]
* [[Prudence]]
* [[Regulatory Technical Standard]]
* [[Remuneration]]
* [[Risk management]]
 
[[Category:Compliance_and_audit]]

Latest revision as of 00:24, 29 January 2024

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 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'.


See also