CaixaBank asks the EU to uncap executive bonuses
The entity raises this issue in the public consultation that the European Commission has opened with a view to the major banking reform of 2027.
CaixaBank has urged the European Commission to review the remuneration framework for bankers as part of a public consultation on the sector's competitiveness. The bank, led by Gonzalo Gortázar, argues that European banks need to be able to compete internationally to attract and retain qualified professionals, and that current laws limiting variable pay are a hindrance.
The European Commission has acknowledged the issue and is considering potential changes to improve the sector's competitiveness, with any modifications to be introduced as part of a major banking reform package expected to be completed in the first quarter of 2027. The current rules cap variable pay at 100% of fixed salary, with some exceptions allowing up to 200% with shareholder approval.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
