![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWSwkmjRXid1rwb1PeacMaYtDekXr0d2C_x5G69N9lGOaBts9fpBY8MBIxfOdMT8ioQUj3X4-CyT4BhuDTjr8MgEwv8gu_haOQ9E3s-KWRBxVQnOnHxvPXS4Bc7aVFVxvBvjCxBNC6i2V9/s1600/europeflg.gif)
The
European Central Bank, in its banking supervisory role, has published a recommendation to banks in respect of their dividend distribution policy: see
here (
pdf). Banks adopting divided policies that do not follow the ECB's recommendation are required to explain why. The ECB has also announced that it is undertaking a review of variable remuneration: see
here.
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