Nearly 5,000 bankers in EU earn more than $1 mln a year

As bankers come under pressure to rein in bonuses, asset managers are escaping the full impact of the cap.

EBA said that in the banks' business area of asset management, the average ratio of variable to fixed remuneration increased from 358 percent in 2016 to 402 percent in 2017, still far exceeding the maximum ratio of 200 percent.

"Several member states allow the application of waivers for staff in this business area, although CRD IV (EU bank capital rules) does not explicitly provide for this possibility," EBA said in its review.

($1 = 0.8894 euros)