BSG response to Consultation Paper (EBA-CP-2015-03)- 4 June 2015.pdf
BSG response to Consultation Paper (EBA-CP-2015-03) - 4 June 2015
BSG response to Consultation Paper (EBA-CP-2015-03) - 4 June 2015
Letter to Ms Michou DG Justice on Proportionality
Response EU COM re proportionality
EBA-CP-2015-03 (CP on GLs on Sound Remuneration Policies)
The European Banking Authority (EBA) launched today a three-month public consultation on its Guidelines on sound remuneration policies. These draft Guidelines set out the governance process for implementing sound remuneration policies across the EU, as well as the specific criteria for mapping all remuneration components into either fixed or variable pay. Guidance is also provided on the application of deferral arrangements and the pay-out instruments ensuring that variable remuneration is aligned with an institution’s long-term risks and that any ex-post risk adjustments can be applied as appropriate.
EBA-Op-2014-10 Opinion on remuneration and allowances
EBA Report on the principles on remuneration policies and the use of allowances
The European Banking Authority (EBA) published today the findings of its investigation regarding discretionary remuneration practices across the EU banking sector. The report shows that some institutions have classified the so-called ‘role-based’ allowances in a way that increases the fixed component of remuneration, which may impact on the limitation of the bonus cap. As a result of this analysis, the EBA issued an Opinion to the European Commission and EU competent authorities calling for supervisors to ensure that institutions’ remuneration practices on allowances comply with EU legislation.
EBA-GL-2014-08 (GLs on remuneration benchmarking )
EBA-GL-2014-07 (GLs on high earners data collection)
The European banking Authority (EBA) published today revised Guidelines on (i) the data collection exercise regarding high earners and (ii) on the remuneration benchmarking exercise. The update ensures that the data collection is in line with the amended provisions laid down in the Capital Requirements Directive (CRD IV), which provides for higher quality of the collected data and will increase transparency of remuneration paid to high earners. The updated Guidelines repeal those published on 27 July 2012.
EBA Remuneration benchmarking report 2010 to 2012
The European Banking Authority (EBA) published today a report providing a detailed analysis on remuneration practices across a sample of EU banks. The report, based on data collected on a consolidated basis from 2010 to 2012, sets benchmarks for different aspects of remuneration policies, and provides additional insight into the previously published data on “high earners” (staff earning EUR one million or more per year). Overall, the report shows an increasing trend in the remuneration paid to “risk takers”, as well as a material shift from variable to fixed remuneration.
EBA GL 2014 01 - Compliance Table-Discount Rate for Variable Remuneration
Consultation Paper on draft Guidelines on the remuneration benchmarking exercise