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According to the new requirements provided for in CRD IV, the EBA will collect data on the number of natural persons earning €1 million or more per financial year, in pay brackets of €1 million. The information will be broken down by institution and will include additional details about the job responsibilities of high earners. For this purpose, a new template for the collection of data is also included. For selected institutions, data will be collected for the same functions and business areas through the remuneration benchmarking exercise.
In both data collections, competent authorities will collect from institutions, on an annual basis, detailed information on the structure of remuneration, which will be then submitted to the EBA and disclosed on an aggregated basis.
Both data collections aim at ensuring a high level of transparency regarding the remuneration practices within the Union and will be used to benchmark remuneration trends and practices. These include the use of instruments for the payment of variable remuneration.
The updated guidelines already apply to the data to be collected for performance during 2013. This will allow the EBA to analyse the development of remuneration policies in light of the changes introduced by CRD IV and, in particular, of those related to the limitation of the variable remuneration to 100% of the fixed remuneration (200% with shareholders' approval).
Guidelines on remuneration benchmarking
Guidelines on high earners data collection