European Central Bank (“ECB”) Publishes Recommendation on Dividend Distribution Policies and a Letter on Variable Remuneration Policy



The ECB has published a recommendation and a letter on dividend distribution policies and variable remuneration policy.

Both the recommendation and letter relate to the payment of dividends in 2018 for the financial year 2017 by any credit institutions in the single supervisory mechanism. The contents of the recommendation, as well as the letter, are largely unchanged from the versions of the same published in December 2016.


To view the recommendation in its entirety, please click here. For the letter, please click here.