AFME comments on CEBS guidelines on remuneration policies and practices
14 December 2010
Simon Lewis, CEO of AFME, said: “These requirements will mean that banks operating in Europe, and European banks operating elsewhere in the world, will be at a competitive disadvantage unless there is recognition of the need for a global agreement on compensation practices.”
Commenting on the CEBS’s Guidelines on Remuneration Policies and Practices, issued today, Simon Lewis, Chief Executive of the Association for Financial Markets in Europe, said:
“Our members support measures that will reduce risk in the financial system and deferral of variable compensation has been standard practice in the industry for some time. Our members will, of course, comply with the new rules, although the timetable for implementation is very tight.“
Press release
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