Banker’s bonuses checked by EBA across Europe

Keeping an eye on bankers bonuses Credit: Shutterstock

THE European Banking Authority (EBA) reacted strongly to the major losses made by banks during the time of crisis and introduced a check mechanism on all executive who earn more than €1 million a year introducing caps and delays on bonuses.

There are a total of just under 5,000 bankers in Europe, the majority of them in the UK, who enter this category but just 250 in Spain, most of whom work for Santander.

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It is argued that the larger the bonus, the more temptation there is to take risks, but oversight reduces temptation.



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