Question ID:
2013_5
Legal Act:
Directive 2013/36/EU as amended by Directive (EU) 2019/878 – CRD5
Topic:
Remuneration
Article:
75
Paragraph:
1
COM Delegated or Implementing Acts/RTS/ITS/GLs:
Not applicable
Article/Paragraph:
N/A
Type of submitter:
Competent authority
Subject Matter:
Definition of retail and investment banking for information collection
Question:
This Q&A clarifies the definition of retail and investment banking for the information collection foreseen by Article 75 (1) of Directive 2013/36/EU as set out in the Templates of Annexes I and II of the EBA Guidelines on the Remuneration Benchmarking Exercise (EBA/GL/2012/4 of 27 July 2012). It is not clear if wholesale lending should be included in retail lending or in the investment banking business. Could you specify more the activities included in the investment banking business area?
Background on the question:
Not given
Date of submission:
03/07/2013
Published as Final Q&A:
EBA Answer:

As set out in footnote 2 of the EBA Guidelines all lending, including wholesale lending, should be included in retail lending. For investment banking the Guidelines state that it includes corporate finance and trading and sales. Further guidance on the activities comprised in those business lines can be found in Article 317 of Regulation (EU) No 575/2013 (ex Annex X part 2 of Directive 2006/48/EC) within the table defining the business lines within the standardised approach for operational risk.

Status:
Final Q&A