The rule in plain words
Total amount must equal these four added up:
- MB supervisory function
- MB management function
- Other senior management
- Other identified staff
All the values are in the vesting in subsequent financial years column (0030) of R 11.00.
EBA writes it out eight times. These words are for the first; the others are the same rule on other cells.
The template it checks
Deferred remuneration (R 11.00)
Rows
- 0010MB Supervisory function
- 0070MB Management function
- 0130Other senior management
- 0190Other identified staff
- 0250Total amount
Column
- 0030Of which vesting in subsequent financial years
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_11.00,r0250,c0030,} = {R_11.00,r0010,c0030,} + {R_11.00,r0070,c0030,} + {R_11.00,r0130,c0030,} + {R_11.00,r0190,c0030,}And 7 more, the same formula for the other cells it covers.
Other rules on R 11.00
- Total amount of deferred remuneration awarded for previous performance periods must equal the sum of its two parts (v12588_m)Warning
- Total amount of deferred remuneration awarded before the financial year actually paid out in the financial year cannot be more than total amount of deferred remuneration awarded for previous performance periods (v12591_m)Warning
- An upper-limit check on deferred remuneration (v12592_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.
