EBA is consulting on proposed revisions to its guidelines on internal governance. The changes specifically reflect the CRD V and IFD requirements as they affect credit institutions.
The focus of the changes is:
- on the importance of combating financial crime, specifically money laundering and terrorist financing;
- on the potential conflicts presented by loans to members of the management body and their related parties; and
- on the need for avoiding gender discrimination, particularly in remuneration policies
Consultation closes on 31 October.