EBA Publishes Annual Report on High Earners in Banks in EU
EBA published its annual report on high earners in the banks in EU. The report shows that the number of high earners in EU banks receiving a remuneration of more than EUR 1 million slightly increased 5.69%, from 4,597 in 2016 to 4,859 in 2017.
Overall, most member states across EU have registered an increase in the number of high earners and only a few of them have witnessed a high slight decrease. Out of the total number of high earners in EU, 73.27% are located in UK and most of them are remunerated in GBP. In the business area of asset management, the average ratio of variable to fixed remuneration increased from 358% in 2016 to 402% in 2017, still exceeding by far the maximum ratio of 200%.
This report analyzes the data on high earners for 2017. The report looking at the 2018 figures will be published by the beginning of 2020 and will be combined with the benchmarking of remuneration trends for 2017 and 2018. EBA will continue to benchmark remuneration trends and to monitor and evaluate new developments in this area. Additionally, EBA is reviewing the application of the regulatory technical standards on identified staff and a report should be expected in the second semester of 2019.
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Keywords: Europe, EU, Banking, Securities, Remuneration, CRD IV, High Earners, EBA
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