Brussels, 30/03/2016 (Agence Europe) - The introduction, in 2014, of the bonus cap has shifted the balance in the remuneration of senior banking officials in favour of the fixed part of the salary, the European Banking Authority (EBA) notes in a report published on Wednesday 30 March.
The average ratio between the variable and the fixed part of remuneration paid to senior bank staff earning at least €1 million fell from 317% in 2013 to 127% in 2014, according to the EBA. At the same time,...