Identified Staff: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create alternative links.) |
(Mend link.) |
||
| (One intermediate revision by the same user not shown) | |||
| Line 2: | Line 2: | ||
Term applied to staff whose professional activities have a material impact on the risk profile of the institution (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). | ||
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). | 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]. | 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'. | The UK introduced similar provisions in 2010 but uses the term 'Code Staff'. | ||
| Line 12: | Line 14: | ||
==See also== | ==See also== | ||
* [[Code Staff]] | * [[Code Staff]] | ||
* [[Compensation]] | |||
* [[Credit institution]] | |||
* [[Incentive]] | |||
* [[Investment firm]] | |||
* [[Provision]] | |||
* [[Prudence]] | |||
* [[Regulatory Technical Standard]] | * [[Regulatory Technical Standard]] | ||
* [[Remuneration]] | |||
* [[Risk management]] | |||
[[Category:Compliance_and_audit]] | [[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'.
