The rule in plain words
Total fixed remuneration must equal total remuneration of identified staff.
All the values are in the MB management function column (0020).
The template it checks
Remuneration awarded for the financial year (R 09.00)
Row
- 0020Total fixed remuneration
Column
- 0020MB Management function
Row
- 0050Total remuneration of identified staff
Column
- 0020MB Management function
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{R_09.00,r0020,c0020,} = {R_12.00.a,r0050,c0020,}Other rules on R 09.00
- Total fixed remuneration must equal fixed remuneration (row 0020, v12571_m)Warning
- Total variable remuneration must equal variable remuneration (row 0090, v12573_m)Warning
- Total variable remuneration must equal variable remuneration (row 0090, v12570_m)Warning
- Total fixed remuneration must equal fixed remuneration (row 0020, v12574_m)Warning
- Total remuneration must equal total remuneration of identified staff (v12569_m)Warning
- If number of identified staff is more than zero, total remuneration must be more than zero (v12575_m)Warning
- Number of identified staff, other identified staff must equal the sum of its six parts (v12568_m)Warning
- An upper-limit check across special payments to staff whose professional activities have a material impact on institutions’ risk profile (identified staff) and remuneration awarded for the financial year (R 10.00, v12576_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.