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Written Answers - Banking Sector Remuneration

Thursday, 19 January 2012

Dáil Éireann Debate
Vol. 752 No. 2

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 81.  Deputy Michael McGrath Information on Michael McGrath Zoom on Michael McGrath  asked the Minister for Finance Information on Michael Noonan Zoom on Michael Noonan  if he will confirm the date he instructed that a review be carried out into remuneration and severance packages at the covered institutions; the date the review commenced; and if he will confirm the person conducting the review. [3222/12]

Minister for Finance (Deputy Michael Noonan): Information on Michael Noonan Zoom on Michael Noonan I have indicated to the Deputy, in response to his previous questions on the subject (refs. 27135/11 and 27578/11 of 4 October 2011) the review is presently being conducted by my Department. The respective covered institutions were contacted by the NTMA, on behalf of the Department, in late April 2011 to initiate the review. Detailed work on data collection with the covered institutions took place over the summer and autumn of last year and work is on-going on the review which, as I have alluded to previously, is an iterative one as the data is examined and compared.


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