EBA reports on high earners and the effects of the bonus cap

The European Banking Authority (EBA) report on remuneration practices published in March 2016 showed that the number of high earners in EU banks increased significantly in 2014, while the average ratio between the variable and fixed remuneration dropped significantly for high earners, as well as for all other identified staff.

The report, which is part of the regular activities of the Authority, focuses on the identification of staff, the application of deferral arrangements, the pay-out in instruments and the impact of the bonus cap on institutions financial stability and cost flexibility, which was found to have no significant effect. The report differentiates between data on the remuneration of 'high-earners' and benchmarking data for 'identified staff'.

• Primary Source

ESO: Background information: Report on Benchmarking of Remuneration and on High Earners 2013 http://www.europeansources.info/record/report-on-benchmarking-of-remuneration-and-on-high-earners-2013/

EBA: Regulation and policy: Remuneration http://www.eba.europa.eu/regulation-and-policy/remuneration

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