Dáil Éireann Debate, Wednesday - 28 November 2012
62. Deputy Pearse Doherty asked the Minister for Finance if he will provide a breakdown by bank of the number of employees in each of the covered institutions who receive a salary in excess of €250,00 per year and the total aggregate value of the portion of the salary above €250,000 for each institution; and if he will make a statement on the matter. [53103/12]
View answerAs the Deputy will be aware officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes. We have received over 50 Parliamentary Questions on these topics alone in the past few weeks. The further more detailed information sought in this question is not available to my Department at the present time and the compilation of this information, is likely to delay completion of the Mercer Remuneration Report which is a Government priority. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis. As part of the review process I will ask my officials to engage with the banks to agree an appropriate level of public disclosure relating to remuneration that ensures the right balance between the public good and the commercial and data protection issues which arise for the Covered Banks.
