1. even though implementation varies on country-level. These include mandatory deferral of bonuses for 3-5 years;Similar rules are already in place in the EU based on Directive 2010/76/EU, amending the Capital Requirements Directives (CRDs), which took effect in,2011
2. Implementing the FSB Principles for Sound Compensation Practices and their Implementation Standards -Fifth progress report for a more detailed account. 53 Office of the Comptroller of the Currency, Treasury (OCC);See Financial Stability Board,2017
3. The variable remuneration, including the deferred portion, is paid or vests only if it is sustainable according to the financial situation of the institution as a whole, and justified on the basis of the performance of the institution, the business unit and the individual concerned. Without prejudice to the general principles of national contract and labour law, the total References Admati;P R M Crd Iv Is ; A;Further federal statues that provide for clawbacks are Sarbanes-Oxley �304 and the Emergency Economic Stabilization Act �111. 55 The provision in Article,2011
4. Incentive Pay and Systemic Risk
5. Bonus clawback rules unenforceable, say bankers;M Arnold;Financial Times,2014