Credit Suisse Capital Metrics and Core Results 9M16
Strategic actions: Reduce fixed costs
Variable compensation reduced in line with lower performance;
decreased deferrals in upcoming periods
Variable compensation in CHF bn
Unrecognized variable compensation in CHF bn
Variable incentive compensation awarded (in respective years)
Estimated unrecognized
compensation expenses
to be amortized in future
26% reduction
3.6
2.3
3.3
2.9
Deferred into
2.0
1.6
1.2
future periods
Unrestricted
1.6
1.7
1.7
1.9
2013
2014
2015
1.2
1.5
Deferral rates
3.1
(0.1)
56%
48%
41%
2.3
0.41
Variable incentive compensation expensed (in respective years)
periods¹
0.6
0.2
3.8
4.1
4.0
Unrecognized Amortized in Forfeitures
end 2014 2015
Awarded in Unrecognized
2015
2016
2017
2018
end 2015
Deferred from
2.2
$2.4
2.3
prior periods
Unrestricted
1.6
1.7
1.7
2013
2014
2015
While we have reduced the awarded variable incentive
compensation over the past years, this has not yet been
visible in the income statement, but reduced deferrals will...
Note: rounding differences may occur.
1 Represent mark-to-market adjustments in 2015 not included as unrecognized expense at the end of 2014.
CREDIT SUISSE
...lead to a smaller portion being recognized in the income
statements of upcoming periods.
B
November 2016
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