During the current pandemic crisis many companies within the Financial Services Industry (FSI) are struggling to balance the various countries’ COVID-19 relief measures with the very strict EU regulatory requirements that govern remuneration within the sector. An important question in this respect is whether application for COVID-19 relief implies that no, or lower variable remuneration may be paid, and if so, whether this only applies for Identified Staff or for all employees.

To assist FSI companies in addressing these and similar issues, the EMEA Employee Benefits group at Baker McKenzie have compiled the below guide, which contains the input of our specialists in France, Germany, Italy, the Netherlands, Spain and the United Kingdom on the most pressing questions we have been asked by our FSI clients world-wide.

Explore More Insight