Question
This Q&A deals with the currency exchange rates of the information collection foreseen by Article 75 (1) of Directive 2013/36/EU specified by paragraph 5 of the EBA Guidelines on the Remuneration Benchmarking Exercise (EBA/GL/2012/4 of 27 July 2012). What currency is to be used for bonuses paid during the year of submission of the information and are monthly currency exchange rates applicable for the conversion?
Answer
For this exercise figures as stated by the institution will be reported. A field for the currency was added to the templates. EBA will convert the figures to Euro using the exchange rate applicable at the end of the respective year.