Details

  • Type: Publication series
  • Date: 7/1/2013

European Union – New Rules to Shore Up Banking Sector Affect Bankers’ Bonuses 

KPMG’s EU Tax Centre in the Netherlands reports on the Directive on market access and prudential supervision and the Regulation on prudential requirements for financial institutions, part of the ‘CRD IV’ package that proposes amendments to the European Union’s (EU) rules on capital requirements, country-by-country reporting of tax payments by certain EU financial institutions, and limitation of bankers’ bonuses. The CRD IV package was approved by the Economic and Financial Affairs (ECOFIN) Council of the EU on June 20, 2013. This newsletter focuses on the bankers’ bonuses provisions of the package.
 

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