The EBA published a report featuring data on the remuneration of EU bank staff who received €1 million or more in total in 2010 and 2011. The report focuses on the gathering of numerical data and provides a first analysis of remuneration structures across the EU.
The data has been aggregated by the EBA on the basis of the figures collected at Member State level. The figures also include staff remuneration paid by subsidiaries or branches of a EU-parent institution based in another Member State other than that were the parent company is located. In 2011, the highest figures have been reported for the United Kingdom (2,436 high earners), Germany (170), France (162), Spain (125), Italy (96) and the Netherlands (36).
The data is categorised into different business areas. Several high earners fall into categories that include functions with responsibilities throughout the whole institution, from the executive board, to risk management, internal audit, information technology, communication, auditing, corporate finance, legal and human resources.
The EBA will publish, at the end of the year, a more detailed report on an analysis of remuneration practices in the EU. This will be based on a remuneration benchmarking exercise which will also comprise a more detailed analysis of the data presented today.
Directive 2010/76/EC (CRD III) requires national competent authorities to collect information on the number of individuals per institution in pay brackets of at least €1 million, including the business area involved and the main elements of the salary, bonus, long-term award and pension contribution.
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