14.2 Award process

235.Institutions should set a bonus pool. When determining bonus pools or individual awards, institutions should consider all current risks, expected losses, estimated unexpected losses and stressed conditions associated with the institution’s activities.

236.Variable remuneration should be awarded after the end of the accrual period. The accrual period should be at least one year. Where longer periods are used, different accrual periods may overlap, for example if a new multi-year period starts each year.

237.After the accrual period, the institution should determine the individual identified staff membe rs’ variable remuneration by translating the performance criteria and risk adjustments into actual remuneration awards. During this award process, the institution should adjust remuneration for potential adverse developments in the future (‘ex ante risk adjustment‘).

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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