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.
Background
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 EUR 1 million, including the business area involved and the main elements
of the salary, bonus, long-term award and pension contribution. This information
has to be sent to the European Banking Authority (EBA), who shall disclose it
on an aggregate home Member State basis in a common reporting format. To facilitate
the data collection, the EBA published on 27 July 2012 ‘Guidelines on the data
collection exercise regarding high earners’.
