Petrucci, Carlo (2021) The Commission’s Evaluation of the Financial Executives’ Remuneration Policy and the Amendments of Directive No 2019/878. European Business Law Review, 32 (6). pp. 1039-1066. DOI https://doi.org/10.54648/eulr2021038
Petrucci, Carlo (2021) The Commission’s Evaluation of the Financial Executives’ Remuneration Policy and the Amendments of Directive No 2019/878. European Business Law Review, 32 (6). pp. 1039-1066. DOI https://doi.org/10.54648/eulr2021038
Petrucci, Carlo (2021) The Commission’s Evaluation of the Financial Executives’ Remuneration Policy and the Amendments of Directive No 2019/878. European Business Law Review, 32 (6). pp. 1039-1066. DOI https://doi.org/10.54648/eulr2021038
Abstract
the Commission evaluation of EU policies has become an important practice for the review of EU rules. this article is a case study of the 2016 evaluation of the remu- neration rules applicable to financial executives (Directive No 2013/36 – CRD IV), which led to their amendments made by directive 2019/878. these amendments have been negligible and despite the efforts of private interest groups operating in the financial sector, the so-called bonus cap has been maintained. this article explores the dynamics amongst the actors involved in the evaluation of the remuneration policy (Commission, European Banking Authority, and stake- holders) and provides an account of the factors that shaped such evaluation. this paper argues that the influence of private interest groups was limited. Although the bonus cap is a contested policy, and the evidence of its impact ambiguous, it still enjoys legitimacy.
Item Type: | Article |
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Uncontrolled Keywords: | Financial regulation; Financial executives remuneration |
Divisions: | Faculty of Arts and Humanities Faculty of Arts and Humanities > Essex Law School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 08 Oct 2020 16:27 |
Last Modified: | 07 Nov 2024 08:46 |
URI: | http://repository.essex.ac.uk/id/eprint/28582 |
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Filename: Petrucci The Commission%u2019s Evaluation of the Financial Executives%u2019 Remuneration Policy.pdf