The rule in plain words
Total number of identified staff that has been in fact awarded a remuneration that leads to a ratio of variable to fixed remuneration above cannot be more than total number of identified staff (outcome of the yearly identification process).
All the values are in the value column (0010) of R 07.00.
The headline gives only the kind of check and the template, because the rule is too long to say in a headline. The plain words above say all of it.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Total number of identified staff that has been in fact awarded a remuneration that leads to a ratio of variable to fixed remuneration above <= Total number of identified staff (outcome of the yearly identification process)
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Compare the values in your file. If the first is bigger than it may be, one of them is wrong: check both before you change either.
- 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 07.00 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
Approved higher ratios between variable and fixed remuneration – institutions (R 07.00)
Rows
- 0020Total number of identified staff (outcome of the yearly identification process)
- 0070Total number of identified staff that has been in fact awarded a remuneration that leads to a ratio of variable to fixed remuneration above
Column
- 0010Value
A worked example
The first of its checks, with simple numbers.
Total number of identified staff (outcome of the yearly identification process) must then be at least 1,200.
A file that reports 1,200 passes. One that reports 1,100 fails, by 100.
The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{R_07.00,r0070,c0010,} <= {R_07.00,r0020,c0010,}Other rules on R 07.00
- Total number of identified staff potentially benefitting from an approved ratio above 100% cannot be more than total number of identified staff (outcome of the yearly identification process) (v12678_m)Warning
- An upper-limit check on approved higher ratios between variable and fixed remuneration (v12544_m)Warning
- Value must be reported (v12543_e)Warning
- Total number of identified staff (outcome of the yearly identification process) cannot be more than total number of staff (end of the financial year) (v12540_m)Warning
- Approved higher ratio (i.e. ratio of variable to fixed remuneration which is above 100%) must be at least 1 (v12537_m)Warning
- Value cannot be negative (v12134_s)Warning
Every REM higher ratios rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.