+Section 2 Internal governance, transparency, treatment of risks and remuneration
---+Article 25 Scope of application of this Section
------+Article 25 1.
------+Article 25 2.
------+Article 25 3.
------+Article 25 4.
---+Article 26 Internal governance
------+Article 26 1.
------+Article 26 2.
------+Article 26 3.
------+Article 26 4.
---+Article 27 Country‐by‐country reporting
------+Article 27 1.
------+Article 27 2.
---+Article 28 Role of the management body in risk management
------+Article 28 1.
------+Article 28 2.
------+Article 28 3.
------+Article 28 4.
------+Article 28 5.
---+Article 29 Treatment of risks
------+Article 29 1.
------+Article 29 2.
------+Article 29 3.
------+Article 29 4.
---+Article 30 Remuneration policies
------+Article 30 1.
------+Article 30 2.
------+Article 30 3.
------+Article 30 4.
---+Article 31 Investment firms that benefit from extraordinary public financial support
---+Article 32 Variable remuneration
------+Article 32 1.
------+Article 32 2.
------+Article 32 3.
------+Article 32 4.
------+Article 32 5.
------+Article 32 6.
------+Article 32 7.
------+Article 32 8.
------+Article 32 9.
---+Article 33 Remuneration committee
------+Article 33 1.
------+Article 33 2.
------+Article 33 3.
---+Article 34 Oversight of remuneration policies
------+Article 34 1.
------+Article 34 2.
------+Article 34 3.
------+Article 34 4.
---+Article 35 EBA report on environmental, social, and governance risks

Section 2 Internal governance, transparency, treatment of risks and remuneration

Section 2 Internal governance, transparency, treatment of risks and remuneration

1. Panoramica

,
Article 25 Scope of application of this Section
Article 26 Internal governance
Article 27 Country‐by‐country reporting
Article 28 Role of the management body in risk management
Article 29 Treatment of risks
Article 30 Remuneration policies
Article 31 Investment firms that benefit from extraordinary public financial support

Article 31

Investment firms that benefit from extraordinary public financial support

Member States shall ensure that where an investment firm benefits from extraordinary public financial support as defined in point (28) of Article 2(1) of Directive 2014/59/EU:

(a) 

that investment firm does not pay any variable remuneration to members of the management body;

(b) 

where variable remuneration paid to staff other than members of the management body would be inconsistent with the maintenance of a sound capital base of an investment firm and its timely exit from extraordinary public financial support, variable remuneration shall be limited to a portion of net revenue.
Article 32 Variable remuneration
Article 33 Remuneration committee
Article 34 Oversight of remuneration policies
Article 35 EBA report on environmental, social, and governance risks

Article 35

EBA report on environmental, social, and governance risks

EBA shall prepare a report on the introduction of technical criteria related to exposures to activities associated substantially with environmental, social, and governance (ESG) objectives for the supervisory review and evaluation process, with a view to assessing the possible sources and effects of risks on investment firms, taking into account applicable Union legal acts in the field of ESG taxonomy.

The EBA report referred to in the first paragraph shall comprise at least the following:

(a) 

a definition of ESG risks, including physical risks and transition risks related to the transition to a more sustainable economy, and, with regard to transition risks, including risks related to the depreciation of assets due to regulatory change, qualitative and quantitative criteria and metrics relevant for assessing such risks, as well as a methodology for assessing the possibility of such risks arising in the short, medium, or long term and the possibility of such risks having a material financial impact on an investment firm;

(b) 

an assessment of the possibility of significant concentrations of specific assets increasing ESG risks, including physical risks and transition risks for an investment firm;

(c) 

a description of the processes by means of which an investment firm can identify, assess, and manage ESG risks, including physical risks and transition risks;

(d) 

the criteria, parameters and metrics by means of which supervisors and investment firms can assess the impact of short‐, medium‐ and long‐term ESG risks for the purposes of the supervisory review and evaluation process.

EBA shall submit the report on its findings to the European Parliament, to the Council, and to the Commission, by 26 December 2021.

On the basis of that report, EBA may, if appropriate, adopt guidelines to introduce criteria related to ESG risks for the supervisory review and evaluation process that take into account the findings of the EBA report referred to in this Article.

1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard