27 July 2012

EBA publishes Guidelines to streamline data collection on remuneration practices

The EBA published Guidelines on the data collection exercise regarding high earners and on the remuneration benchmarking exercise. The objective is to streamline the data collection and increase the consistency and comparability of the information collected by national competent authorities.

National competent authorities are expected to implement the provisions set out in the Guidelines within two months after their publication. The institutions should submit the relevant data to their national competent authority every year by the end of June. The latter should then submit this information to the EBA each year by the end of August. As a transitional arrangement, the first set of data should be submitted to the EBA by the end of December 2012 and should relate to remunerations for 2010 and 2011.

Guidelines on the data collection exercise regarding high earners

These Guidelines are meant to increase the consistency of information collected on the number of individuals per credit institution in pay brackets of at least €1 million.

As requested by the CRD III Directive, national competent authorities shall collect such information for all credit institutions and the EBA shall disclose the data collected on an aggregate home Member State basis.

Guidelines on the remuneration benchmarking exercise

These Guidelines are meant to increase the consistency of information collected on the remuneration practices of credit institutions and investment firms in order to benchmark remuneration trends.

As requested by the CRD III Directive, national competent authorities shall collect the information and benchmark remuneration trends at national level while the EBA is in charge of performing the benchmarking at European level.

In line with the principle of proportionality, only certain institutions should be subject to this remuneration data collection for the purpose of the benchmarking exercise. National competent authorities have to ensure a representative coverage of their local banking markets in the sample of selected institutions.

Press release

Guidelines on the data collection exercise regarding high earners

Guidelines on the remuneration benchmarking exercise

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