Oireachtas Joint and Select Committees
Thursday, 7 March 2013
Public Accounts Committee
2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions
11:40 am
Shane Ross (Dublin South, Independent) | Oireachtas source
Profitability and bonuses are not necessarily related, as Mr. Moran knows.
Last week, RBS, Lloyds TSB and many other banks had huge losses and handed out massive bonuses to people. They do not seem to be related across Europe. Banks making losses still pay bonuses. Will this new rule, which is a two-to-one rule or even larger, open the floodgates again for bonuses in Ireland?
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