Exemple de utilizare a Variable remuneration în Engleză și traducerile lor în Română
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(e) information on the use of the possibility to reclaim variable remuneration;
In recent years, variable remuneration, normally linked to performance and responsibilities, has become much more prevalent.
Many Member States regard share based remuneration as a form of variable remuneration.
Attaining waiver from salary increases and variable remuneration components(especially for top management).
Variable remuneration must not exceed the fixed remuneration or, with shareholders' approval, twice the fixed remuneration. .
Most Member States either recommend or require that variable remuneration is linked to performance criteria.
Variable remuneration, including the deferred portion, is paid or vests only if it is sustainable according to the financial situation of the institution.
However, only a few Member States explicitly encourage companies to withhold variable remuneration in case of underperformance.
It is a key mechanism for aligning variable remuneration with the long-term risks and performance of an institution, by enabling the application of malus.
The maximum ratio was introduced as aform of behavioural safeguard, aimed at curbing the excessive risk-taking incentives caused by the high level of variable remuneration.
Many Member States3 require or recommend that variable remuneration is linked to performance and promotes long term sustainability of the company.
The focus should not just be on transparency in remuneration butalso on the"performance management" systems on which both variable remuneration and fixed salaries are based.
Require institutions to limit variable remuneration as a percentage of net revenues where it is inconsistent with the maintenance of a sound capital base;
This is particularly the case when the rules on deferral and pay-out in instruments are applied in small and non-complex institutions orto staff with low levels of variable remuneration.
With regard to the content, the recommendations on variable remuneration have been in general been implemented to a greater extent than the recommendations on the Remuneration Committee.
Looking at European averages, data collected by the EBA shows that,while average fixed remuneration per identified staff has increased in recent years, average variable remuneration has decreased.
Moreover, the extent to which institutions can use the variable remuneration of identified staff to reduce their cost base even increased in 2014, due to the larger population of identified staff.
Following the entry into force of CRD IV, institutions made frequent useof so-called role-based allowances, which were treated as fixed remuneration(thus allowing more variable remuneration).
However, data suggests that the variable remuneration that can be awarded within the limits imposed by the maximum ratio can accommodate greater use of these mechanisms, especially malus and clawback see Section III.
In view of regulatory changes and the changing market environment,the Commission anticipates that State capital injections may in the future more commonly take the form of shares bearing a variable remuneration.
One-off costs to large institutions for applying the rules to staff on low levels of variable remuneration are estimated at between EUR 1 million and EUR 5 million and an ongoing annual cost of between EUR 400 000 and EUR 1.5 million.
In particular- for avoiding situations of conflict of interest insurance undertakings should also disclose the basis for the calculation of their employees' variable remuneration resulting from the sale of a product.
(b) create an obligation to pay variable remuneration or discretionary pension benefits, or to pay variable remuneration if the obligation to pay was created at a time when the entity failed to meet the combined buffer requirement; or.
In view of the regulatory changes and the changing market environment,the Commission anticipates that State capital injections may in the future more commonly take the form of shares bearing a variable remuneration.
The insurance undertaking or insurance intermediary shall also inform the customer about the nature andthe basis of the calculation of any variable remuneration received by any employee of theirs for distributing and managing the insurance product in question.
EBA estimates show that the requirements on deferral and pay-out in instruments may indeed be excessively costly and burdensome for small institutions andfor staff with low variable remuneration.
(o) the variable remuneration, including the deferred portion, is paid or vests only if it is sustainable according to the financial situation of the management company as a whole, and justified according to the performance of the business unit, the UCITS and the individual concerned.
While recognising that the mere existence of these ex-post mechanisms has a certain deterrent effect on excessive risk-taking,their actual use to reduce or cancel variable remuneration remains low in practice.
A substantial portion, andin any event at least 40%, of the variable remuneration component is deferred over a period which is not less than three to five years and is correctly aligned with the nature of the business, its risks and the activities of the member of staff in question.
In light of the experience with the application of the current rules, exempt small and non-complex institutions andstaff with low levels of variable remuneration from the rules on deferred pay and pay-out in instruments.