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Who will decide what a “large” bonus is for the purpose of applying the 30% or 20% cap on up front cash bonuses ?

April 26, 2017Bonus bonuses cap cash decide large purpose

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Who will decide what a “large” bonus is for the purpose of applying the 30% or 20% cap on up front cash bonuses ?

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It will be up to the national supervisory authorities to decide what a “large” bonus means for this purpose. They must base their decisions on EU guidelines to be established by the Committee of European Banking Supervisors (CEBS). Once the European Banking Authority (EBA) replaces the CEBS, the national authorities’ decisions will be based on EBA’s technical standards.