Member States must implement the Capital Requirements Directive V by 28 December 2020.

On 7 June 2019 the EU Official Journal published the text of the Capital Requirements Directive V (CRD V), which introduced several amendments to the remuneration rules of Capital Requirements Directive IV (CRD IV). Members States have until 28 December 2020 to implement CRD V. Until then, CRD IV and the current remuneration guidelines of the European Banking Authority (EBA) will remain in force. Notably, the controversial “bonus cap” will continue to apply under CRD V. The new Directive will implement material changes to the following areas...