EBA欧洲银行-Report-on-High-Earners-2017_45页_1mb

EBA Report on High Earners (End 2017)

Core Content

This report provides aggregated data on high earners in the European Union (EU) and its Member States for the year 2017, as mandated by Directive 2013/36/EU (CRD IV). The European Banking Authority (EBA) is responsible for collecting and publishing this data, which includes the number of individuals earning EUR 1 million or more annually, their remuneration components, and their roles within financial institutions.

Main Findings

• Increase in High Earners: The number of high earners increased slightly from 4,597 in 2016 to 4,859 in 2017 (+5.69%).
• Exchange Rate Impact: The EUR-GBP exchange rate had a minor effect on the number of high earners, leading to a slight increase in the UK due to GBP being converted to EUR.
• Identified Staff: Around 86.89% of high earners in 2017 were identified staff, a small decrease from 89.47% in 2016. This percentage has remained relatively stable since 2014.
• Regional Variations: The UK had the largest number of high earners (3,567), representing 73.41% of the total. Other countries with notable increases include Germany, Italy, Austria, France, and Spain.
• Remuneration Components: The average ratio of variable to fixed remuneration for high earners slightly decreased from 104% in 2016 to 101.08% in 2017. In asset management, this ratio increased significantly to 402%, far exceeding the maximum ratio of 200% under CRD IV.
• Deferrals and Variable Remuneration: A portion of variable remuneration was deferred, with the average ratio of deferred to total variable remuneration at 55% across the EU.
• Non-Identified Staff: Some high earners are not identified staff due to national implementation differences, including waivers for small institutions and variations in the definition of high earners versus identified staff.

Key Information

Data Collection

• The EBA collects data on high earners at the consolidated level for all Member States.
• The data includes fixed and variable remuneration, bonuses, long-term awards, and pension contributions.
• Data is broken down by Member State, business area, and payment bracket.

Payment Brackets

• The highest payment bracket observed was EUR 40 million to EUR 41 million.
• Most high earners received remuneration within the EUR 1 million to EUR 2 million bracket.

Identified Staff

• Identified staff are those whose professional activities have a material impact on the institution's risk profile.
• The percentage of high earners who are identified staff decreased slightly from 89.47% in 2016 to 86.89% in 2017.
• In asset management, the percentage increased significantly to 93.75% in 2017 from 80.84% in 2016.
• Some Member States have not fully implemented the requirement to identify all high earners, leading to discrepancies.

Remuneration Trends

• The EBA plans to continue benchmarking remuneration trends biennially and publishing data on high earners annually.
• A review of the application of the RTS on identified staff is planned for the second half of 2019.

Summary Table

Annexes Overview

• Annex I: Aggregated data at the EU level.
• Annex II: Aggregated data by Member State.
• Annex III: Aggregated data by Member State and payment bracket.

The report highlights the importance of monitoring remuneration trends and ensuring consistent application of regulatory standards across the EU. It also points out the need for harmonization in the identification of staff with significant risk impact.