ESAs report on F&P, internal governance and remuneration

EBA and ESMA have reported on:

• assessment of suitability of members of the management body and key function holders under CRD V and MiFID 2. The guidelines focus on the revisions brought in by the IFR and their affect on suitability assessments, specifically with regard to financial crime prevention risks and gender diversity. The new guidelines take effect at the end of the year;
• sound remuneration policies under CRD V. The revised guidelines will apply from the end of the year and focus on the requirement that remuneration policies should be gender neutral; and
• internal governance under the CRD V and the IFD. The revised guidelines will apply from the end of the year, and focus on gender diversity, AML/CFT and conflicts management – including the framework surrounding loans to members of the management body.