Home Europe European Central Bank Decision (EU) 2025/451 of the European Central Bank of 21 Fe...
Date: 6-Mar-2025 Category: Not Applicable State: Union Government Country: Europe

Decision (EU) 2025/451 of the European Central Bank of 21 February 2025 amending Decision (EU) 2024/461 on the reporting by national competent authorities to the European Central Bank of information on remuneration, gender pay gap, approved higher ratios and high earners for the purposes of benchmarking (ECB/2024/2) (ECB/2025/7)

Issued by European Central Bank · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The European Central Bank (ECB) has amended Decision (EU) 2024/461 (ECB/2024/2) to include the collection of data on diversity practices at the level of the management body, including diversity policies and the gender pay gap. This amendment is in response to the European Banking Authority (EBA) issuing Guidelines EBA/GL/2023/08 on the benchmarking of diversity practices.

Key Changes

  • The title of Decision (EU) 2024/461 is updated to include 'diversity practices at the level of the management body'.
  • Article 1 is replaced to reflect the inclusion of diversity practices at the level of the management body in the scope of the decision.
  • Article 4a is inserted, outlining the requirements for National Competent Authorities (NCAs) to submit information on diversity practices at the level of the management body to the ECB every three years, as specified in Annexes I to XI of EBA Guidelines EBA/GL/2023/08. This includes diversity policies and the gender pay gap.
  • Article 5 is amended to include paragraph 4, specifying the timelines for NCAs to submit the information referred to in Article 4a to the ECB. For significant supervised entities, NCAs must submit the data without undue delay upon receipt and after initial data checks. For less significant supervised entities, the deadline is 12:00 CET on 15 June.

Impact Analysis

National Competent Authorities (NCAs)

  • NCAs will have to adhere to specific timelines for data submission based on whether the supervised entities are significant or less significant.

Supervised Entities

  • Supervised entities should familiarize themselves with EBA Decision EBA/DC/516 concerning supervisory reporting for diversity benchmarking to the EBA.

European Banking Authority (EBA)

  • The EBA's Guidelines EBA/GL/2023/08 serve as the standard for data collection and reporting on diversity practices.

Suggested Action Items

  • NCAs and supervised entities should establish clear communication channels to address any questions or issues related to the new reporting requirements.

Key Entities Referenced

European Central Bank (ECB): The central bank of the European Union countries that have adopted the euro. The ECB is responsible for setting monetary policy and supervising banks within the Eurozone. In this context, the ECB is collecting data from NCAs for benchmarking purposes. National Competent Authorities (NCAs): The national authorities in each participating Member State responsible for supervising credit institutions. They collect data from supervised entities and report it to the ECB. European Banking Authority (EBA): An independent EU authority that works to ensure effective and consistent prudential regulation and supervision across the European banking sector. The EBA issued Guidelines EBA/GL/2023/08 on the benchmarking of diversity practices. Decision (EU) 2024/461 (ECB/2024/2): The original ECB decision on the reporting by NCAs to the ECB of information on remuneration, gender pay gap, approved higher ratios and high earners for the purposes of benchmarking. This decision is being amended by Decision (EU) 2025/451. EBA Guidelines EBA/GL/2023/08: Guidelines issued by the EBA on the benchmarking of diversity practices, including diversity policies and gender pay gap, under Directive 2013/36/EU and Directive (EU) 2019/2034. Regulation (EU) No 575/2013: Regulation of the European Parliament and of the Council on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012. Article 435(2)(c) is relevant as it pertains to information disclosed related to diversity practices. Directive 2013/36/EU: Directive of the European Parliament and of the Council on access to the activity of credit institutions and the prudential supervision of credit institutions. EBA Decision EBA/DC/516: EBA Decision concerning supervisory reporting for diversity benchmarking to the EBA and amendment of the Annex to EUCLID Decision (EBA/DC/2020/335).
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Official Journal EN of the European Union L series 2025/451 6.3.2025 DECISION (EU) 2025/451 OF THE EUROPEAN CENTRAL BANK of 21 February 2025 amending Decision (EU) 2024/461 on the reporting by national competent authorities to the European Central Bank of information on remuneration, gender pay gap, approved higher ratios and high earners for the purposes of benchmarking (ECB/2024/2) (ECB/2025/7) THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK, Having regard to the Treaty on the Functioning of the European Union, Having regard to Council Regulation (EU) No 1024/2013 of 15 October 2013conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions(1), and in particular Article 6(2) thereof, Having regard to Regulation (EU) No 468/2014 of the European Central Bank of 16 April 2014establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank and national competent authorities and with national designated authorities (SSM Framework Regulation) (ECB/2014/17)(2), and in particular Article 21 and Article 140(4) thereof, Having regard to the proposal of the Supervisory Board, Whereas: (1) Decision (EU) 2024/461 of the European Central Bank (ECB/2024/2)(3)lays down the requirements concerning the submission to the European Central Bank of information reported to the national competent authorities (NCAs) by supervised entities for the purposes of benchmarking remuneration trends and practices, the gender pay gap, approved higher ratios and high earners. (2) Pursuant to Article 91(11) of Directive 2013/36/EU of the European Parliament and of the Council(4), competent authorities are required to collect the information disclosed in accordance with Article 435(2), point (c), of Regulation (EU) No 575/2013 of the European Parliament and of the Council(5)and use it to benchmark diversity practices. The competent authorities must provide the European Banking Authority (EBA) with that information, and the EBA is to use it to benchmark diversity practices at Union level. (3) On 18 December 2023 the EBA issued Guidelines on the benchmarking of diversity practices, including diversity policies and gender pay gap, under Directive 2013/36/EU and Directive (EU) 2019/2034 (EBA/GL/2023/08)(6). The Guidelines set out the process on how a representative sample of institutions should be formed and specify, for the purposes of the harmonised benchmarking of diversity practices at the level of the management body, the information to be provided to competent authorities and from competent authorities to the EBA, including information disclosed in accordance with Article 435(2), point (c), of Regulation (EU) No 575/2013. The Guidelines also specify, for the purposes of the harmonised benchmarking of the gender pay gap at the level of the management body, the information to be provided to competent authorities and from competent authorities to the EBA in accordance with Article 75(1) of Directive 2013/36/EU. (4) In view of the issuance of the EBA Guidelines EBA/GL/2023/08, it is appropriate to amend Decision (EU) 2024/461 (ECB/2024/2) to also include the collection of data on diversity practices at the level of the management body, including information disclosed in accordance with Article 435(2), point (c), of Regulation (EU) No 575/2013, and data on diversity policies and the gender pay gap at the level of the management body. (1) OJ L 287, 29.10.2013, p. 63. (2) OJ L 141, 14.5.2014, p. 1. (3) OJ L, 2024/461, 8.2.2024, ELI: https://data.europa.eu/eli/dec/2024/461/oj. (4) Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338). (5) Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1). (6) Available on the EBA website. ELI: http://data.europa.eu/eli/dec/2025/451/oj 1/3EN OJ L, 6.3.2025 (5) Therefore, Decision (EU) 2024/461 (ECB/2024/2) should be amended accordingly, HAS ADOPTED THIS DECISION: Article 1 Amendments Decision (EU) 2024/461 (ECB/2024/2) is amended as follows: (1) the title is replaced by the following: ‘Decision (EU) 2024/461 of the European Central Bank of 29 January 2024on the reporting by national competent authorities to the European Central Bank of information on remuneration, gender pay gap, approved higher ratios, high earners and diversity practices at the level of the management body for the purposes of benchmarking (ECB/2024/2)’; (2) Article 1 is replaced by the following: ‘Article 1 Subject matter and scope This Decision lays down the requirements concerning the submission to the European Central Bank (ECB) of information reported to the national competent authorities (NCAs) by supervised entities for the purposes of benchmarking remuneration trends and practices, the gender pay gap, approved higher ratios, high earners and diversity practices at the level of the management body.’; (3) the following Article 4a is inserted: ‘Article 4a Requirements for the submission of information on diversity practices NCAs shall submit to the ECB every three years the information on diversity practices at the level of the management body, including diversity policies and the gender pay gap at the level of the management body, specified in Annexes I to XI of EBA Guidelines EBA/GL/2023/08 and reported on an individual basis by the supervised entities established in their respective participating Member State in accordance with the EBA Decision concerning supervisory reporting for diversity benchmarking to the EBA and amendment of the Annex to EUCLID Decision (EBA/DC/2020/335) (EBA/DC/516)(*). If an NCA collects information on diversity practices from supervised entities that are not part of a sample of reporting entities in line with the criteria specified in EBA Decision EBA/DC/516, such information shall not be submitted to the ECB. _____________ (*) Available on the EBA website.’; (4) in Article 5, the following paragraph 4 is added: ‘4. NCAs shall submit to the ECB the information referred to in Article 4a in accordance with the following: (a) for significant supervised entities, NCAs shall, upon receipt of the data in accordance with the 30 April remittance date and after performing the initial data checks referred to in Article 8, submit to the ECB that information without undue delay; (b) for less significant supervised entities, NCAs shall submit that information to the ECB at the latest by 12:00 Central European Time (CET) on 15 June.’. 2/3 ELI: http://data.europa.eu/eli/dec/2025/451/ojEN OJ L, 6.3.2025 Article 2 Taking effect This Decision shall take effect on the day of its notification to the addressees. Article 3 Addressees This Decision is addressed to the national competent authorities of the participating Member States. Done at Frankfurt am Main, 21 February 2025. The President of the ECB Christine LAGARDE ELI: http://data.europa.eu/eli/dec/2025/451/oj 3/3

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