The EBA today publishes two consultation papers (CP46 and CP47) on guidelines for data collection on bank remuneration practices.

  • Press Release
  • 14 May 2013

The European Banking Authority (EBA) today publishes two consultation papers (CP46 and CP47) on guidelines for data collection on bank remuneration practices. Their publication is a further step towards greater disclosure of remuneration information, first proposed in the second amendment to the CRD (CRD III), which came into force on 1 January 2011.

CRD III introduced two tasks for national supervisory authorities as well as for the EBA, relating to data collection on remuneration practices. In summary, the tasks are the collection of aggregate quantitative information on remuneration (broken down by business areas) and the collection of information on the number of individuals per credit institution in pay brackets of EUR 1 million and above. To support these two tasks the EBA, after discussion with its Banking Stakeholder Group, is proposing two guideline documents for a common approach across the EU for remuneration data collection, via templates to be used by financial institutions for reporting to their national supervisors.

The consultation begins today and is open until 2 September 2011. Comments received will be published on the EBA's website unless respondents request otherwise. Please send your comments to the relevant email address: cp46@eba.europa.eu or cp47@eba.europa.eu The consultation is open to all interested parties, including supervised institutions and other market participants.

Note to Editors
The EBA's Banking Stakeholder Group comprises 30 members, representing in balanced proportions credit and investment institutions operating in the EU, their employees' representatives as well as consumers, users of banking services and representatives of SMEs. According to the EBA regulation, the group shall be consulted on actions concerning binding technical standards, guidelines and recommendations.

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