European Data Protection Supervisor
European Data Protection Supervisor

Remuneration policies and credits - ECB

Remuneration policies and credits - ECB

Tuesday, 5 September, 2017
5
Sep
2017

Remuneration policies and credits - ECB

Prior check opinion regarding remuneration policies and credits to senior officials of significant entities supervised by the ECB (Case 2017-0358)

As part of its banking supervision role, the European Central Bank has to assess and approve significant supervised entities’ remuneration policies. This may result in adverse consequences to employees of significant supervised entities, possibly excluding them from rights under their employment contracts.

The ECB also has a role to play concerning loans of significant supervised entities to their own employees, which may also result in refusing loans to them, thus excluding them from a contract.