Banking Sector Remuneration

Dáil Éireann Debate, Wednesday - 12 December 2012

Wednesday, 12 December 2012

Questions (57)

Gerry Adams

Question:

57. Deputy Gerry Adams asked the Minister for Finance further to Parliamentary Question No. 70 of the 28 November 2012, the reason it is the case that the increase in pay for Irish Bank Resolution Corporation employees which according to the chairman of Anglo Irish Bank in his statement in the Oireachtas Committee on Finance, Public Expenditure and Reform on 31 October 2012, was for a limited number of persons is not readily available; if he will confirm if this information which covers evidently only a limited number of persons is now readily available; if the information about current and increased salaries is not available if he will confirm the total limited number of persons who received a pay increase as referred to by the chairman of IBRC; and if he will make a statement on the matter. [55916/12]

Written answers

Minister for Finance

I am advised by IBRC that a large volume of information regarding remuneration structures across the Bank has been recently supplied as part of the Mercer Remuneration Review as commissioned by the Department of Finance. This information is currently being analysed as part of the review. 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.