European Banking Authority discloses best practices applicable to the remuneration of sales staff

The European Banking Authority (EBA) published a report on the application of its “Guidelines on the remuneration policies and practices for the sale and provision of retail banking products and services”. The EBA’s assessment revealed that financial institutions focus more on prudential requirements and commercial interests than on meeting the interests of consumers. However, the EBA also identified good practices that are considered compliant with the Guidelines.

Full report on EBA’s website

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