On 30 June 2022, the European Banking Authority (EBA) published updated guidelines on the remuneration benchmarking exercise under the Capital Requirements Directive IV (CRD IV). The updated guidelines take into account additional requirements introduced by the CRD V regarding the application of derogations and the benchmarking of the gender pay gap. The EBA has also issued separate guidelines on the remuneration and gender pay gap benchmarking exercise provided for investment firms under the Investment Firms Directive. The benchmarking data for the financial year ending in 2022, excluding gender pay gap data, should be submitted by institutions and investment firms to Member State competent authorities by 31 August 2023, and by Member State competent authorities to the EBA by 31 October 2023. The first benchmarking exercise regarding the gender pay pap should concern the financial year 2023.
