Daily Archive: January 30, 2014

Financial services remuneration: New year, new rules

New international banking standards (Basel III / CRD IV) came into effect in Germany and across Europe on January 1, 2014. Whilst most of the new rules relate to banking supervision, there are some important employment law implications, in particular a new Remuneration Ordinance relating to the remuneration of employees and managers of financial institutions …

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