Bank of Italy has published a new Note on Financial Stability and Supervision today on the ‘Overlaps between minimum requirements and capital buffers: the case of Italian banks”.

EBA published its final Guidelines on the remuneration benchmarking exercise under the Capital Requirements Directive (CRD), which were originally published in 2012 and updated in 2014.

The update was necessary to take into account additional requirements introduced by CRD V regarding the application of derogations and the benchmarking of the gender pay gap.

EBA also added guidance to harmonise the benchmarking of approvals granted by shareholders to use higher ratios than 100% between the variable and fixed remuneration.

Separate Guidelines on the remuneration and gender pay gap benchmarking exercise are provided for investment firms under the Investment Firms Directive (IFD).

EBA has published its final updated Guidelines on the data collection exercise on high earners, which were originally released in 2012 and revised in 2014.

The update of the data collection exercises reflects the amended remuneration framework laid down in the Capital Requirements Directive (CRD), including the introduction of derogations to pay out a part of the variable remuneration in instruments and under deferral arrangements.

In addition, the need to update these Guidelines stems from the specific remuneration regime that has been introduced for investment firms and is laid down in the Investment Firms Directive (IFD) and Investment Firms Regulation (IFR).