The rule in plain words
MB supervisory function must equal these five added up:
- Cash-based
- Shares or equivalent ownership interests
- Share-linked instruments or equivalent non-cash instruments
- Other instruments
- Other forms
All the values are in the amount of performance adjustment made in the financial year to deferred remuneration that was due to vest in the financial year column (0040) 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
- 0020Cash-based
- 0030Shares or equivalent ownership interests
- 0040Share-linked instruments or equivalent non-cash instruments
- 0050Other instruments
- 0060Other forms
Column
- 0040Amount of performance adjustment made in the financial year to deferred remuneration that was due to vest in the financial year
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,r0010,c0040,} = {R_11.00,r0020,c0040,} + {R_11.00,r0030,c0040,} + {R_11.00,r0040,c0040,} + {R_11.00,r0050,c0040,} + {R_11.00,r0060,c0040,}And 7 more, the same formula for the other cells it covers.
Other rules on R 11.00
- 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
- Total amount of deferred remuneration awarded for previous performance periods must equal the sum of its two parts (v12588_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.