Podcast Location:
Download it here [file size: 39.6 MB]
Categories:
Banking and Financial Services
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This CPDcast aims to ensure that legal practitioners are familiar with the European Banking Authority’s draft Guidelines on Sound Remuneration Practices.

Outcomes:
After completing the course you will:
  • Understand the background to the draft guidelines;
  • Be aware of what the CEBS say about sound remuneration practices;
  • Know the relevance of social and political concern in relation to the draft Guidelines;
  • Know what the actual EBA draft Guidelines say;
  • Be aware of what constitutes a small or non-complex firm;
  • Know what the principle of proportionality is;
  • Understand the approach that the EBA takes to the principle of proportionality;
  • Understand what is meant by ‘allowances’ and what the EBA guidelines say about how allowances should be treated.
Level:
Intermediate Difficulty: 3 of 5
Classification:
Introduction
Legal Principles
Legislative Updates
Market Update / Hot Topic
Sources and References:
Tags:

In this CPDcast, Lorraine Johnston, a Senior Professional Development Lawyer at Ashurst, looks at the European Banking Authority’s draft Guidelines on Sound Remuneration Practices, which were published on 4 March 2015. Lorraine concentrates on the background to the Guidelines, what the Guidelines say and how these are likely to affect smaller and non-complex firms. Lorraine then focuses on the principle of proportionality, how ‘allowances’ are to be treated and what the next steps, following the recent publication of the Guidelines, are going to be.

This course (podcast plus test) is accredited with 1 CPD hour for barristers at the Bar of England and Wales.

This course (podcast plus test) is accredited with 1 CPD point (0.5 for the podcast and 0.5 for completion of the test) for solicitors and legal professionals.

Podcast Length: 28:48

Date Recorded: 15th July 2015

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