ECB caps bankers' pay when capital at risk: Lautenschlaeger
Tweet
Share
E-mail
The European Central Bank (ECB) headquarters are pictured in Frankfurt, Germany, September 3, 2015. REUTERS/Ralph Orlowski/File Photo
FRANKFURT (Reuters) - The European Central Bank can cap the remuneration of a banker if it hampers the firm's ability to meet its capital requirement, a top ECB supervisor told a Spanish newspaper.
"If the remuneration is too high and the bank cannot retain profits and use them to increase its capital to meet (regulatory) demands, we impose restrictions," Sabine Lautenschlaeger, who represents the ECB's supervisory arm on the bank's board, told Expansion.
The ECB supervises the euro zone's top 129 banks.
(Reporting By Francesco Canepa)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Putin says Ukraine opened 'Pandora's box' with strikes on economic targets
- Ukrainian drones kill several, hit warehouse of Russian online retailer Ozon
- Two US tanker aircraft leave Bulgaria a month after deployment upset Iran
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
