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Brexit boosts EU million-euro bankers, watchdog says

By Huw Jones

LONDON (Reuters) – More Brexit-linked London relocations and increased deal volume pushes number of EU bankers earning more than €1m a year The increase was more than 15% in 2021, the group’s banking regulator said on Thursday.

The European Banking Authority (EBA) states that annual revenues exceeding €1 million (1.15 million dollars) the number of bankers has increased to 1,589 in 2021 from 1,70 at 2010, up 41.5% to reach regulator start Highest level since such data was collected


Over 41% growth attributed to In Britain and Spain, the impact of inflation-boosting earnings also played a role, according to Italian and French bankers EBA.

Before the UK left the EU, many banks that used to use London as a base to serve the EU opened new units in EU countries such as Germany, France and Ireland, or expanded existing facilities to avoid customer service disruption .

“This increase is linked to the overall good performance of the institution, particularly in the areas of investment banking and trading and sales, continuing to relocate staff numbers from the UK to the EU,” the EBA said in a statement. increased wages generally”.

Germany remains the highest paid banker with 589, followed by France with 70 ) and Italy 351.

highest income Participants – 1,383 – get paid in the payout range of 1 million to 2 million euros, up to 351 millions to 15 millions of euros, expressed in EBA.

(1 USD=0. 9245 EURO)



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