The rule in plain words
None of the values it checks in general information and information on remuneration of all staff can be negative.
EBA checks it for seven columns: investment banking, retail banking, asset management, corporate functions, independent control functions, all staff in subsidiaries subject to a specific remuneration framework and all other staff. And for four rows: total number of staff in FTE, total remuneration (EUR), variable remuneration (EUR) and fixed remuneration (EUR). That makes 28 checks. A failure names the one that failed.
How the Line4 Check report words itShowHide
The first of its checks, word for word as the report shows it when it fails. The others read the same, with their own column, row or sheet.
Investment banking: Total remuneration (EUR) >= 0
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Look for a value with the wrong sign in these cells, such as an amount entered as a negative number.
- 03EBA compares the values exactly here: there is no rounding tolerance.
- 04It runs only when your filing indicators mark R 01.00 as reported.
- 05This is a warning. It does not stop the filing on its own, but your authority may ask you to explain it.
The cells it reads
General information and information on remuneration of all staff (R 01.00)
Rows
- 0020Total number of staff in FTE
- 0040Total remuneration (EUR)
- 0050Of which: variable remuneration (EUR)
- 0060Of which: fixed remuneration (EUR)
Columns
- 0030Investment banking
- 0040Retail banking
- 0050Asset management
- 0060Corporate functions
- 0070Independent control functions
- 0071All staff in subsidiaries subject to a specific remuneration framework
- 0080All other staff
A worked example
The first of its checks, with simple numbers.
Total remuneration (EUR), investment banking must then be at least 0.
A file that reports 0 passes. One that reports -100 fails, by 100.
The numbers are illustrative.
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_01.00,r0040,c0030,} >= 0The next five:
{R_01.00,r0060,c0040,} >= 0{R_01.00,r0020,c0071,} >= 0{R_01.00,r0040,c0040,} >= 0{R_01.00,r0060,c0060,} >= 0{R_01.00,r0020,c0050,} >= 0And 22 more, the same formula for the other cells it covers.
Other rules on R 01.00
- Number of members (headcount), MB supervisory function must be reported (v12442_e)Warning
- Number of members (headcount), MB management function must be reported (v12443_e)Warning
- Number of members (headcount) cannot be less than number of beneficiaries of contributions to discretionary pension benefits in year N (row 0010, v12444_m)Warning
- Number of members (headcount) cannot be less than number of beneficiaries of contributions to discretionary pension benefits in year N (row 0010, v12445_m)Warning
- The sum of six columns cannot be less than number of beneficiaries of contributions to discretionary pension benefits in year N, other senior management (v12446_m)Warning
- The sum of six columns cannot be less than number of beneficiaries of contributions to discretionary pension benefits in year N, other identified staff (v12447_m)Warning
- Variable remuneration cannot be less than total amount of contributions to discretionary pension benefits in year N (included in other forms of variable remuneration) (row 0050, v12448_m)Warning
- Variable remuneration cannot be less than total amount of contributions to discretionary pension benefits in year N (included in other forms of variable remuneration) (row 0050, v12449_m)Warning
Every REM benchmarking rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.