Mr. Aidan Carrigan:

At the time of the recapitalisation of the banks, caps were put on the salaries of chief executives at quite low levels compared to European levels generally. That issue is being sustained and overseen by the Irish shareholder management unit, so I cannot comment on the detail.

Members of the committee will recall that we briefed them on the capital requirements directive before Christmas 2012. Remuneration control was a late issue that was brought to the table by the European Parliament. It has now been concluded within that directive that bankers' bonuses be restricted to twice their actual pay, subject to shareholders' approval. I do not think there is any issue of bonuses such as that currently.