RT info:eu-repo/semantics/article
T1 European banks’ executive remuneration under the new European Union regulation
A1 Andrés Alonso, Pablo de
A1 Reig, Rodrigo
A1 Vallelado González, Eleuterio
K1 Bancos - Personal - Países de la Unión Europea
K1 Corporate governance
K1 Single Supervisory Mechanism (SSM)
K1 Banks
K1 Remuneration systems
K1 Identified Staff
K1 Board of Directors
K1 5311.04 Organización de Recursos Humanos
AB We review how the new European regulation of bank executive compensation could affect the future of banking in Europe. Although there is no conclusive empirical evidence on the relation between bank executive remuneration and the financial crisis, authorities have intensively regulated the compensation of bank managers to eliminate risk-taking incentives in the financial industry. However, the new regulation could have unintended consequences of creating an adverse selection problem at European banks, reducing the number of best-performing managers available for European banks, and motivating an excessive increase in fixed remuneration over total remuneration, altering the way incentive systems work.
PB https://www.tandfonline.com/doi/full/10.1080/17487870.2018.1424630
SN 0148-2963
YR 2018
FD 2018
LK https://uvadoc.uva.es/handle/10324/67027
UL https://uvadoc.uva.es/handle/10324/67027
LA eng
NO Journal of Economic Policy Reform, 2019, vol. 22, n. 3, p. 208-225.
NO Producción Científica
DS UVaDOC
RD 22-may-2024