Oireachtas Joint and Select Committees

Thursday, 4 April 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Recovery and Resolution Framework for Financial lnstitutions: Discussion

3:20 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

It is contrary to what the capital requirement directive seeks to achieve. Banks that are receiving State support are giving wage increases to senior managers and directors although those banks are not performing profitably in the private sector.

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