The Bank of Spain can no longer limit the salaries of bankers as required by Calviño

The ECB’s powers are limited to supervising and, where appropriate, cutting the bonus, although the bankers did not collect it in 2020. The Government could act on the fixed salary in coordination with Frankfurt.

The governor of the Bank of Spain, Pablo Hernndez de Cos, and the economic vice president Nadia Calvio.EUROPA PRESS

Updated

The European Central Bank and the Bank of Spain They have been intensively monitoring for a year the salaries of managers in the financial sector to ensure that they are compatible with the current capital ratios of entities and are adjusted to the impact suffered by the coronavirus. However, the current powers of the regulator are limited to the supervision of the retribucin variable o bonus, which represents on average close to half of the payroll and in the case of most Spanish banks

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