Yesterday, the European Banking Authority (EBA) has published its report on high earners for 2017, available for the first time in a user-friendly format on the remuneration of “staff whose professional activities have a material impact on” the risk profile of the financial institution. The Capital Requirements Directive (CRD IV) sets out principles for sound remuneration policies for management staff, employees taking a risk or engaged in control functions or who earn in the same bracket as the aforementioned (Articles 92-95 CRD IV). These provisions are accompanied by a set of Guidelines laid down by the EBA for the implementation of these rules, whose purpose is to control risk-taking and conflicts of interest in managing the financial institution.
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