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Executives’ remunerations in the Global Systemically Important Banks, within the European Union: The Effects of the Fourth Capital Requirement Directive (Directive 2013/36/EU)
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
2017 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Abstract

Background: The increase of variable remuneration caused the financial crisis, leading to governments having to bail them out. A legislation was launched to prevent this situation again.

Purpose: The purpose of the report is to examine the effects of the legislation in the G-SIBs, which aim to limit the variable pay in relation to fixed pay.

Method: The study is a quantitative study. The sample consist of 14 banks and data was collected during the period 2012-2016. The data is secondary and was hand collected from the banks’ annual reports. The data is then compared throughout the years and with the banks within the sample.

Conclusion: The legislation has succeeded in limiting the variable pay, but the study also shows an unintended consequence, as the fixed remuneration also has increased. This suggests that banks have found a loophole in the legislation, hence the total remuneration levels can be maintained at the same level as before the launch of the legislation.

Place, publisher, year, edition, pages
2017. , 20 p.
Keyword [en]
Bonus cap, remuneration, Capital Requirement Directive IV, G-SIBs, banks
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-35816ISRN: JU-IHH-FÖA-2-20170473OAI: oai:DiVA.org:hj-35816DiVA: diva2:1105833
Subject / course
IHH, Business Administration
Supervisors
Examiners
Available from: 2017-06-27 Created: 2017-06-05 Last updated: 2017-06-27Bibliographically approved

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Citation style
  • apa
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  • de-DE
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  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
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  • Other locale
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Output format
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  • asciidoc
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