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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  UniCredit S.p.A.    UCG   IT0005239360

UNICREDIT S.P.A.

(UCG)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 11/27 10:09:53 am
9.134 EUR   +0.71%
10:12aUNICREDIT S P A : comfortably meets SREP capital requirements for 2020
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11/26UNICREDIT S P A : organises Italy Tech Day 2020
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11/24UNICREDIT SPA : Credit Suisse gives a Neutral rating
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UniCredit S p A : Banker bonuses must be blind to gender, says EU regulator

10/29/2020 | 02:00pm EST

LONDON (Reuters) - Banks must not discriminate between men and women in awarding bonuses for the same activity, the European Union's banking watchdog proposed on Thursday.

"Remuneration policies must be gender neutral and respect the principle of equal pay for male and female workers for equal work or work of equal value," the European Banking Authority (EBA) said in proposed revisions to its 5-year old guidelines on sound remuneration policies.

The EBA said that senior management representation and diversity within the management bodies and shortcomings regarding equal opportunities for staff of different gender still exist.

"The EBA will follow up on institutions' practices with a report to be published within two years after the publication of the final guidelines," the watchdog said in a statement.

The guidelines were first introduced to cap banker bonuses in response to public anger over lenders being bailed out in the financial crisis a decade ago.

The EBA said it was also clarifying severance pay, retention bonuses and discretionary pension benefits to avoid such payments being used to circumvent the cap on bonuses.

It is also introducing more flexibility for smaller banks with assets of up to 15 billion euros or bankers that only receive a modest bonus, to be exempt from parts of the guidelines.

Bankers must receive a portion of their bonus in shares that "vest" over time, but small banks are often unlisted, thereby creating an administrative headache.

The EBA has put out the proposed revisions to public consultation, with final changes published in the first half of 2021.

(Reporting by Huw Jones; Editing by Kirsten Donovan)

By Huw Jones


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
SOCIÉTÉ GÉNÉRALE 2.13% 17.562 Real-time Quote.-44.58%
UNICREDIT S.P.A. 0.73% 9.121 Delayed Quote.-30.34%
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Financials
Sales 2020 17 199 M 20 508 M 20 508 M
Net income 2020 -1 896 M -2 261 M -2 261 M
Net Debt 2020 - - -
P/E ratio 2020 -10,6x
Yield 2020 1,27%
Capitalization 20 204 M 24 055 M 24 091 M
Capi. / Sales 2020 1,17x
Capi. / Sales 2021 1,15x
Nbr of Employees 83 621
Free-Float 91,6%
Chart UNICREDIT S.P.A.
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UniCredit S.p.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends UNICREDIT S.P.A.
Short TermMid-TermLong Term
TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 9,42 €
Last Close Price 9,07 €
Spread / Highest target 40,0%
Spread / Average Target 3,87%
Spread / Lowest Target -33,8%
EPS Revisions
Managers
NameTitle
Jean-Pierre Mustier Group Chief Executive Officer & Executive Director
Cesare Bisoni Chairman
Pietro Carlo Padoan Chairman-Designate
Ranieri de Marchis Co-Chief Operating Officer
Carlo Vivaldi Co-Chief Operating Officer
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