EBA: High earners

EBA has published this report on the remuneration of EU bank staff who received €1m or more in total in 2012. The highest values were reported for the UK (2,714 high earners), Germany (212), France (177), Italy (109) and Spain (100). The figures include staff paid by institutions, including subsidiaries or branches of any EU-parent institution based in another Member State other than the one where the parent company is located, as well as staff in branches of third country institutions. The report also provides a preliminary analysis of remuneration structures across the EU. Most high earners were found to belong to 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 HR. It is noted that data in the report will feed into EBA’s overall work on remuneration in the EU banking sector.