EU legal requirements for the remuneration system of credit institutions: main objectives and practical difficulties

Abstract

For achieving the goals of the Master’s Thesis, the notion of corporate governance and the place of remuneration policies in it will be evaluated. The development of the legal provisions and the current legal provisions on remuneration in credit institutions of the European Union law will be evaluated, because it is necessary for understanding the main objectives of the provisions. In the last chapter of the Master’s Thesis the practical issues associated with requirements on remuneration will be reviewed. Namely, issues regarding determining of the identified staff, the deferral period and clawbacks as the most controversial issues will be discussed. Finally, the current content of variable remuneration and the main reasons for determining the maximum ratio between the fixed and variable remuneration will be evaluated.