Financial industry raises problems around remuneration framework at Cebs hearing

The Committee of European Banking Supervisors' (Cebs) proposals on banking executive remuneration were met with strong criticism from audience members at a public hearing on October 29.

Cebs' proposals, which would put into practice the Financial Stability Board's September 2009 FSB Principles for Sound Compensation Practices – Implementation Standards and the European Union's Capital Requirements Directive III, were published on October 8 and consultation closes on November 8. The finalised