On July 16, 2014, the European Banking Authority (“EBA”) published its revised Guidelines on the data collection exercise regarding high earners and on the remuneration benchmarking exercise. The EBA is obliged to collect this information under the Capital Requirements Directive. The updated Guidelines, which repeal those published on July 27, 2012, provide for the higher quality of collected data and increase the transparency of remuneration that is paid to high earners. The new guidelines will apply to data that is to be collected for performance for the period of 2013.

The Guidelines are available at: http://www.eba.europa.eu/-/eba-publishesrevised-guidelines-on-high-earners-data-collection-and-remunerationbenchmarking.