The rule in plain words
Total variable remuneration cannot be more than guaranteed variable remuneration awards -total amount plus severance payments awarded during the financial year - total amount.
All the values are in the MB supervisory function column (0010).
EBA writes it out four times. These words are for the first; the others are the same rule on other cells.
The template it checks
Remuneration awarded for the financial year (R 09.00)
Row
- 0090Total variable remuneration
Column
- 0010MB Supervisory function
Rows
- 0020Guaranteed variable remuneration awards -Total amount
- 0070Severance payments awarded during the financial year - Total amount
Column
- 0010MB Supervisory function
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}.
sum({R_09.00,r0090,c0010,}) <= sum({R_10.00,r0020,c0010,}) + sum({R_10.00,r0070,c0010,})And 3 more, the same formula for the other cells it covers.
Other rules on R 09.00
- Deferred other forms cannot be more than other forms (v12560_m)Warning
- A balancing check across remuneration awarded for the financial year and information on remuneration of staff whose professional activities have a material impact on institutions’ risk profile (identified staff) (R 12.00.a, v12562_m)Warning
- Deferred other instruments cannot be more than other instruments (v12559_m)Warning
- Variable remuneration: a balancing check across remuneration awarded for the financial year and information on remuneration of staff whose professional activities have a material impact on institutions’ risk profile (identified staff) (R 12.00.a, v12563_m)Warning
- Deferred share-linked instruments or equivalent non-cash instruments cannot be more than share-linked instruments or equivalent non-cash instruments (v12558_m)Warning
- Fixed remuneration: a balancing check across remuneration awarded for the financial year and information on remuneration of staff whose professional activities have a material impact on institutions’ risk profile (identified staff) (R 12.00.a, v12564_m)Warning
- Deferred shares or equivalent ownership interests cannot be more than shares or equivalent ownership interests (v12557_m)Warning
- Number of identified staff must equal members of the MB (row 0010, v12565_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.