FIN.

EBA consults on internal governance guidelines

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.

Emma Radmore