Banking Sector Remuneration

Dáil Éireann Debate, Thursday - 20 December 2012

Thursday, 20 December 2012

Questions (88)

Michael McGrath

Question:

88. Deputy Michael McGrath asked the Minister for Finance when he expects to have the Mercer report on remuneration levels within the covered institutions to hand; when he expects to make decisions in respect of same and when he plans to publish the report; and if he will make a statement on the matter. [57615/12]

Written answers

Minister for Finance

I am expecting the consultant’s draft report on a Review of Remuneration Practices & Frameworks at the Covered Institutions to be delivered by the end of the year, whereupon the findings will be reviewed by my Department and consultations with the various stakeholders will commence. I fully recognise that there is a real public interest in the levels of remuneration at the covered institutions. I will endeavour to have the details underpinning the review published in the shortest timeframe possible.