The rule in plain words
If number of identified staff is more than zero, total remuneration must be more than zero.
EBA checks it for four columns: MB supervisory function, MB management function, other senior management and other identified staff. That makes four 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.
MB Management function: If Number of identified staff > 0, then Total remuneration > 0
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02The check applies only when its first part holds in your file. When it does, the second part must hold too: fix the second part, or correct the first.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark R 09.00 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
Remuneration awarded for the financial year (R 09.00)
Rows
- 0010Number of identified staff
- 0200Total remuneration
Columns
- 0010MB Supervisory function
- 0020MB Management function
- 0030Other senior management
- 0040Other identified staff
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}.
if ({R_09.00,r0010,c0020,} > 0) then ({R_09.00,r0200,c0020,} > 0) else TrueThe next three:
if ({R_09.00,r0010,c0010,} > 0) then ({R_09.00,r0200,c0010,} > 0) else Trueif ({R_09.00,r0010,c0040,} > 0) then ({R_09.00,r0200,c0040,} > 0) else Trueif ({R_09.00,r0010,c0030,} > 0) then ({R_09.00,r0200,c0030,} > 0) else TrueOther rules on R 09.00
- Total fixed remuneration must equal fixed remuneration (row 0020, v12574_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
- Total variable remuneration must equal variable remuneration (row 0090, v12573_m)Warning
- Total fixed remuneration must equal fixed remuneration (row 0020, v12571_m)Warning
- Total variable remuneration must equal variable remuneration (row 0090, v12570_m)Warning
- Total remuneration must equal total remuneration of identified staff (v12569_m)Warning
- Number of identified staff, other identified staff must equal the sum of its six parts (v12568_m)Warning
- Number of identified staff, other senior management must equal the sum of its six parts (v12567_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.