BBA response to ESMAs draft remuneration guidelines in MiFID1
12/12/2012

As we noted in our response to the recent ESMA consultation on sound remuneration practices under AIFMD the original intention of the Financial Stability Board (FSB) Principles on Sound Compensation Practices was to ensure an internationally coherent response to reforming remuneration in the Financial Services Sector. We supported this, and still do, as it essential that these principles should be coordinated centrally and implemented consistently to ensure a global level playing field to allow firms to compete fairly in the global market place.

Please read full response via the link below.