Increased rewards for senior traders in the European Union investment companies after raising CAP

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The rewards have increased in the European Union investment companies since they were exempted from the rules of the maximum reward for the bloc three years ago, and raised the variable wages for many major traders to more than a million euros, according to new data.

The European Banking Authority, the European Union’s banking organization, said the average bonus for the main employees in European Union Investment groups that trade, subscription or employment activities, 1.5 million euros in 2022 and 1.15 million euros in 2023, more than six times their fixed salaries.

This is a big leap in 2021, when rewards were directed in the investment companies in the European Union with two fixed wages, unless the shareholders are given this to the rise to three fixed times.

EBA also published data for the first time on The gender gap For employees in the companies that organize them. She found that women paid 24.5 percent less than men on average in deposit banks in 2023, and less than 32 percent of men in investment companies.

EBA said that the data “raises concerns about the application of commitment to ensure equal opportunities for employees”, and urges companies and organizers to do more to analyze and address the causes of the gender gap.

The European Union numbers are similar to the recently published by Banks in the United Kingdom, which showed a 26 -percent gender wage gap in 2023, according to the research conducted by the moral consumer site.

There are less data available from American banks, although Citigroup He said In 2021, the average salaries of its female employees around the world were 26 percent lower than her male colleagues.

EBA said that the gender wage gap of European Union banks was “mainly caused by the shortage of women in paid high positions.” She found that women carry more than half of all jobs in the European Union banks, but a third of a third of a quarter of the highest jobs. In the European Union investment companies, I found that women had 35 percent of all jobs, but only 13 percent of the highest wage.

EBA collected payment data from 58 investment companies, which include high -frequency traders, brokers and hedge funds. These groups were given an exemption from the bonus ceiling in the European Union in 2022 after Brussels changed the rules in response to pressure by the sector.

Despite the jump in some specialized trade companies, the organizer found total bonuses in investment companies below the maximum, by 47 percent of fixed wages in 2023, which decreased from 81 percent in 2022.

The investment companies had pressed Brussels to exempt them from the bonuses roof because the capital requirements for them are partially calculated based on their fixed costs, which makes them more attractive to them to pay higher bonuses instead of fixed salaries. They are also afraid to put it in a non -favorable position compared to competitors in the United Kingdom, which completely abandoned the bonus cover after leaving the European Union.

On Tuesday, EBA published separate data for banks that are still subject to the additional CAP rules, indicating their total reward for the main employees relatively stable, with average average of a little less than 60 percent of fixed wages.

The highest bonuses were paid in the investment bank sections, with an average of 342,773 euros, followed by an average of 126,843 euros in asset management units. Average retail banking rewards reached 102,908 euros.

In total, 131 European Union banks, which were included in the organizer, paid 18.6 billion euros in rewards and 116.2 billion euros in a fixed wage for its employees 2.2 million in 2023.