The rule in plain words
Total variable remuneration of all high earners (in EUR) cannot be more than 2 times total fixed remuneration of all high earners (in EUR).
All the values are in the investment banking column (0030) of R 04.00.a.
EBA writes it out nine times. These words are for the first; the others are the same rule on other cells.
The template it checks
Information on the remuneration of high earners (I) (R 04.00.a)
Rows
- 0060Total fixed remuneration of all high earners (in EUR)
- 0100Total variable remuneration of all high earners (in EUR)
Column
- 0030Investment banking
Show the rule as writtenShowHide
EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{R_04.00.a,r0100,c0030,} <= 2 * {R_04.00.a,r0060,c0030,}And 8 more, the same formula for the other cells it covers.
Other rules on R 04.00.a
- The sum of three rows cannot be more than total variable remuneration of all high earners (v09282_m)Warning
- If a sum of five rows is zero or more, total variable remuneration of all high earners cannot be negative (v09293_m)Warning
- The sum of two rows cannot be less than 1,000,000 times total number of high earners (v09297_m)Warning
- Severance payments awarded during the financial year: if total amount is reported, number of high earners must be reported (row 0200, v09269_m)Warning
- Total amount of variable remuneration awarded for multi- year periods under programmes which are not revolved annually cannot be more than total variable remuneration of all high earners (v09268_m)Warning
- Total amount of contributions to discretionary pension benefits in year N cannot be more than total variable remuneration of all high earners (v09267_m)Warning
- Severance payments awarded during the financial year, total amount cannot be more than total variable remuneration of all high earners (v09266_m)Warning
- Severance payments awarded during the financial year, number of high earners cannot be more than total number of high earners (v09265_m)Warning
Every REM high earners rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.