EBA observes an increase of high earners in EU Banks

Is your remuneration policy in line with latest EBA remuneration guidelines?

The European Banking Authority (EBA) published its annual Report on high earners in EU banks, which shows a significant increase in their number in 2015 (+33.04% compared to 2014).

The Report contains data covering all staff of institutions in the EU and EU branches of third country institutions receiving a total remuneration of one million euro or above. The data is available in aggregate format at the EU level, for each Member State, and by payment bracket within each Member State.

·         The number of high earners receiving remuneration of more than EUR 1 million increased significantly from 3,865 in 2014 to 5,142 in 2015

·         The percentage of high earners that were identified as staff whose professional activities have a material impact on the institution's risk profile (identified staff) remained stable with 87% in 2014 and 86% in 2015

·         The average ratio of variable to fixed remuneration for all high earners increased from 127% in 2014 to 147% in 2015

EBA concerned about how remuneration is affecting the risk profile of the institutions is raising a red flag and urging the supervisory authorities to ensure the application of the sound remuneration practices and the RTS on the definition of identified staff


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