The implications of COVID-19 on banks’ compensation policy: An analysis of European significant banks

the present study aims to investigate the impact of the COVID-19 pandemic on the remuneration policies of European significant banks. More precisely, this study intends to investigate the banks that announced a change in remuneration policies during the current socio-health emergency (since March 2020). Our study aims to understand the real reasons underlying any changes in remuneration policies. Did the banks change their remuneration policies in a consistent and effective way or did they just want to give the market a positive image of themselves? In other words, we want to understand whether the remuneration policies adopted by the examined banks are really aimed at preserving business continuity or they represent a sort of “greenwashing”. The present analysis may be deepened in the future when the remunerations paid in 2020 will be published.