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Banking Sector Remuneration

Dáil Éireann Debate, Thursday - 22 January 2015

Thursday, 22 January 2015

Ceisteanna (63)

Michael McGrath

Ceist:

63. Deputy Michael McGrath asked the Minister for Finance if AIB has requested a review of the salary cap that applies to the State-supported banks; and if he will make a statement on the matter. [3191/15]

Amharc ar fhreagra

Freagraí scríofa

As the Deputy will be aware, this Government's policy with respect to banking remuneration has been in place since mid-2011. In summary, remuneration is capped at €500,000 (excluding normal pension entitlements) and variable rate pay such as bonuses are not permitted. AIB has not requested a review of the salary cap or bonus restrictions.

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