Allowances and the bonus cap regulation
Note: All allowances included in this report have been announced and/or paid during the 2014 bonus season up to 12 February 2014.
Universe: We have examined data from 190 bank employees at Director and MD level in IBD & Markets roles in Europe. Out of those, 36 employees were paid an allowance in 2014
- Allowances are widespread with 17 different institutions paying allowances
- The majority have been paid by UK banks in London
- Wide spread in terms of employees business activities
- Allowances currently only represent a small proportion of base salary
|Directors and MD in IBD & Markets in Europe - 2014 season||Number||%|
|Directors and MD who have received an allowance||36||19|
|Total allowance pool||Number||%|
|Employees receiving allowances per location||Number||%|
|Employers paying allowances||Employees||%|
|Allowance range as percentage of salary||Number||%|
|0-10% of salary||29||83|
|Bonus as a percentage of salary||Number||%|
|Less than 2x base salary||35||97|
|Less than 1x base salary||32||89|
|More than 1x base salary||4||11|
|More than 2x base salary||1||3|
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