British bankers dominate EU rich-list

The European Banking Authority published in July 2013 a report featuring data on the remuneration of EU bank staff who received €1m or more in total in 2010 and 2011. The report focuses on the gathering of numerical data and provides a first analysis of remuneration structures across the EU. Overall, results show that the number of high earners is limited in most member states, but quite significant in others.

In 2011, the highest figures have been reported for the United Kingdom (2,436 high earners), Germany (170), France (162), Spain (125), Italy (96) and the Netherlands (36).

The EBA will publish at the end of 2013, a more detailed report on an analysis of remuneration practices in the EU; this will be based on a remuneration benchmarking exercise which will also comprise a more detailed analysis of the data presented in July 2013.

• Primary Source

EBA: Press Release, 15.07.13: EBA presents data on high earners in EU banks http://www.eba.europa.eu/-/eba-presents-data-on-high-earners-in-eu-banks

EBA: Report: High earners. 2010 and 2011 data http://www.eba.europa.eu/documents/10180/16145/EBA-Report-High_Earner_results.pdf

ESO: Background information: EU to approve new banking rules including bonus cap http://www.europeansources.info/record/eu-tightens-up-bank-lending-rules-and-bonuses/

ESO: Background information: EU hails 'breakthrough' deal to cap bankers’ bonuses http://www.europeansources.info/record/eu-hails-breakthrough-deal-to-cap-bankers-bonuses/

BBC News, 15.07.13: EU: More UK bankers paid above 1m euros http://www.bbc.co.uk/news/23321835

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