Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

On page 35 of Mr. Regling's report, he touches on the issue of remuneration and bonuses for people working in the banks and he makes an interesting point that the perception, as such, would have been that there were top management bonuses and the awarding of stock options on a large scale, but Mr. Regling states that one should not neglect incentives set for middle level bank management and indeed loan officers. Could he elaborate on what he means by that and the role that played in the lending policy that was being pursued by the banks, the role that people played by virtue of how they were going to be rewarded for decisions that they made in their jobs?