EBA · 2013_5 Final Q&A

Definition of retail and investment banking for information collection

Regulation
Directive 2013/36/EU (CRD)
Article
75, para. 1
Topic
Remuneration
Submitted by
Competent authority
Submitted
2013-07-03
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

This Q&A clarifies the definition of retail and investment banking for the information collection foreseen by Article 75 (1) of Directive 2013/36/EU as set out in the Templates of Annexes I and II of the EBA Guidelines on the Remuneration Benchmarking Exercise (EBA/GL/2014/08 of 16 July 2014). It is not clear if wholesale lending should be included in retail lending or in the investment banking business. Could you specify more the activities included in the investment banking business area?

Background

Not given

Answer

As set out in footnote 4 2 of the EBA Guidelines all lending, including wholesale lending, should be included in retail lending. For investment banking the Guidelines state that it includes corporate finance and trading and sales. Further guidance on the activities comprised in those business lines can be found in Article 317 of Regulation (EU) No 575/2013 (CRR) (ex Annex X part 2 of Directive 2006/48/EC) within the table defining the business lines within the standardised approach for operational risk.

Original source: European Banking Authority, Q&A ID 2013_5

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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